Genpact Limited (G)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 84.37 | 104.77 | 79.16 | 103.68 | 173.84 | |
| Number of days of payables | days | 4.33 | 3.48 | 4.61 | 3.52 | 2.10 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 84.37
= 4.33
Based on the data provided, Genpact Limited's number of days of payables has exhibited some fluctuations over the years. As of December 31, 2020, the company had an exceptionally low number of days of payables at 2.10 days, indicating that it took around 2 days to pay off its creditors on average.
By December 31, 2021, the number of days of payables increased to 3.52 days, reflecting a slight elongation in the payment period. Subsequently, by December 31, 2022, the number of days of payables further increased to 4.61 days, suggesting a potential trend of extending the time taken to settle payables.
However, by December 31, 2023, there was a decrease in the number of days of payables to 3.48 days, indicating a shorter payment period compared to the previous year. This trend continued into December 31, 2024, where the number of days of payables further decreased to 4.33 days, albeit still higher compared to the earlier years.
Overall, the fluctuations in Genpact Limited's number of days of payables suggest variations in the company's payment practices and management of its accounts payable over the years. Further analysis and comparison with industry benchmarks may provide insights into the efficiency and effectiveness of Genpact's payables management strategies.
Peer comparison
Dec 31, 2024