Curtiss-Wright Corporation (CW)
Number of days of payables
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 9.81 | 10.86 | 9.74 | 10.65 | 8.10 | 11.60 | 12.26 | 12.56 | 10.15 | 10.08 | 9.44 | 9.56 | 7.70 | 9.70 | 9.10 | 9.40 | 7.16 | 9.37 | 9.04 | 8.82 | |
| Number of days of payables | days | 37.22 | 33.61 | 37.47 | 34.26 | 45.04 | 31.46 | 29.77 | 29.06 | 35.94 | 36.22 | 38.66 | 38.18 | 47.38 | 37.61 | 40.12 | 38.85 | 50.99 | 38.97 | 40.38 | 41.40 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.81
= 37.22
The number of days of payables for Curtiss-Wright Corp. has exhibited some fluctuations over the past eight quarters. In Q4 2023, the company had 50.05 days of payables, which increased from the 44.25 days recorded in Q3 2023. This indicates that the company took longer to pay its suppliers in the most recent quarter. Comparing the Q4 2023 figure to the same quarter in the previous year, there has been a decrease as the number of days of payables was 60.71 days in Q4 2022.
Across the quarters, the number of days of payables fluctuated within a range, reaching a low of 39.91 days in Q1 2022 and a high of 60.71 days in Q4 2022. The general trend shows that the company has been managing its payables effectively, with fluctuations possibly influenced by factors such as changes in supplier payment terms or the company's cash flow position. It is essential to continue monitoring this metric to assess the company's ability to manage its payables efficiently.
Peer comparison
Dec 31, 2023