ESAB Corp (ESAB)
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 | ||
|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 5.74 | 5.83 | 5.23 | 4.84 | 5.40 | ||||
| Number of days of payables | days | 63.62 | 62.61 | 69.74 | 75.36 | 67.59 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.74
= 63.62
ESAB Corp's number of days of payables has shown fluctuating trends over the past five quarters. In Q1 2023, the company took 75.36 days, on average, to pay its payables, which was the highest among the quarters analyzed. This indicates a potential delay in settling its obligations to suppliers during that period.
In Q2 2023, the number of days of payables decreased to 69.74 days, suggesting an improvement in the company's payment efficiency compared to the previous quarter. However, in Q3 2023, the number of days of payables slightly decreased to 62.61 days, indicating a further improvement in managing its payables.
By Q4 2023, the number of days of payables increased to 63.62 days, showing a slight rise in the time taken to settle obligations to suppliers compared to the previous quarter. Overall, ESAB Corp's management of payables has been characterized by fluctuations over the past year, with variations in payment efficiency evident in the analyzed periods.
Peer comparison
Dec 31, 2023