Dover Corporation (DOV)
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 | 7.60 | 7.53 | 7.11 | 7.06 | 6.85 | 6.32 | 5.92 | 6.15 | 6.33 | 6.32 | 6.38 | 6.64 | 6.94 | 6.08 | 5.60 | 5.16 | 4.90 | 4.78 | 4.69 | 4.72 | |
| Number of days of payables | days | 48.04 | 48.47 | 51.31 | 51.72 | 53.28 | 57.76 | 61.66 | 59.31 | 57.71 | 57.73 | 57.22 | 54.97 | 52.58 | 59.99 | 65.15 | 70.68 | 74.41 | 76.34 | 77.83 | 77.25 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.60
= 48.04
The number of days of payables for Dover Corp. has shown a slight decrease in the most recent quarter, dropping from 65.53 days in Q3 2023 to 65.35 days in Q4 2023. This trend is consistent with the gradual decrease observed over the past few quarters, indicating that the company is managing its payables more efficiently. Compared to the same quarter in the previous year, Q4 2023 demonstrates an improvement from 71.61 days in Q4 2022. This suggests that Dover Corp. is taking longer to pay its creditors, which may indicate better cash flow management or negotiation of payment terms. Overall, the decreasing trend in the number of days of payables reflects positively on Dover Corp.'s financial health and operational effectiveness.
Peer comparison
Dec 31, 2023