Eaton Corporation PLC (ETN)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 4.39 | 4.51 | 4.75 | 6.24 | 6.78 | |
| Number of days of payables | days | 83.20 | 80.87 | 76.80 | 58.45 | 53.82 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.39
= 83.20
The trend in Eaton Corporation plc's number of days of payables has been increasing over the past five years. The number of days of payables was 83.20 days at the end of 2023, compared to 80.87 days in 2022, 76.80 days in 2021, 58.45 days in 2020, and 53.82 days in 2019. This indicates that the company is taking longer to pay off its trade payables over time. An increasing number of days of payables may suggest that Eaton Corporation plc is managing its working capital more efficiently by extending the time it takes to settle its payables, potentially improving cash flow and liquidity in the short term.
Peer comparison
Dec 31, 2023