ESCO Technologies Inc (ESE)
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 | 7.54 | 6.67 | 7.43 | 7.00 | 7.37 | 6.67 | 7.06 | 6.66 | 7.13 | 7.85 | 8.79 | 9.38 | 10.21 | 9.07 | 8.37 | 8.43 | 8.34 | 6.87 | 6.47 | 6.91 | |
| Number of days of payables | days | 48.38 | 54.70 | 49.13 | 52.13 | 49.54 | 54.70 | 51.71 | 54.77 | 51.20 | 46.48 | 41.54 | 38.93 | 35.75 | 40.24 | 43.60 | 43.30 | 43.79 | 53.17 | 56.42 | 52.79 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.54
= 48.38
To analyze Esco Technologies, Inc.'s number of days of payables, we observe a fluctuation over the past 8 quarters. The number of days of payables ranges from a low of 48.38 days in Q1 2024 to a high of 54.70 days in both Q4 2023 and Q4 2022.
The trend shows some variability in the payment period for the company's payables, with an overall pattern of remaining around 50 to 55 days. However, it is important to note that a lower number of days of payables could indicate that the company is taking longer to pay its creditors, which might strain relationships or result in missed discounts. On the other hand, a higher number of days of payables may suggest efficient cash management or better negotiation terms with suppliers.
It would be beneficial to further investigate the reasons behind the fluctuations observed in the number of days of payables to assess the company's strategy in managing its payables effectively and optimize its working capital management.
Peer comparison
Dec 31, 2023