Emerson Electric Company (EMR)
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 | 11.27 | 10.06 | 11.18 | 12.11 | 12.74 | 12.86 | 7.91 | 7.76 | 7.45 | 7.34 | 7.64 | 8.08 | 8.44 | 8.41 | 10.32 | 10.02 | 9.46 | 8.25 | 8.65 | 8.78 | |
| Number of days of payables | days | 32.38 | 36.28 | 32.66 | 30.13 | 28.64 | 28.38 | 46.15 | 47.04 | 49.01 | 49.73 | 47.79 | 45.18 | 43.22 | 43.43 | 35.35 | 36.44 | 38.57 | 44.22 | 42.18 | 41.56 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.27
= 32.38
Emerson Electric Co.'s number of days of payables has shown variability over the past eight quarters. In Q1 2024, the company's number of days of payables decreased to 55.02 days compared to the previous quarter's 60.14 days in Q4 2023. This suggests that the company took fewer days to pay off its creditors in the most recent quarter.
Looking further back, in Q3 2023, the number of days of payables was 51.08 days, indicating an increase from the previous quarter. However, in Q2 2023, the number of days of payables decreased to 45.61 days, showing that the company managed to reduce the time it takes to pay off its payables.
Comparing the most recent data to the same quarter in the previous year, there has been a noticeable improvement. In Q1 2023, the number of days of payables was recorded at 42.20 days, marking an increase in the time taken to settle payables compared to Q1 2024.
Overall, Emerson Electric Co.'s number of days of payables has fluctuated over the past eight quarters, with some quarters showing improvements in efficiency in paying off creditors while others have seen increases in the number of days it takes to settle payables. It is essential for investors and stakeholders to monitor these trends to assess the company's liquidity management and supplier relationships.
Peer comparison
Dec 31, 2023
See also:
Emerson Electric Company Average Payables Payment Period (Quarterly Data)