GATX Corporation (GATX)
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 | ||
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| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
To analyze GATX Corp.'s number of days of payables, we would typically calculate the payables turnover ratio and then convert it to the number of days payable outstanding (DPO). However, without specific numerical data provided in the table, it is not possible to compute the number of days of payables or analyze trends over the specified quarters.
The number of days of payables is an important metric that indicates the average number of days it takes a company to pay its suppliers. A lower number of days of payables suggests that the company is paying its suppliers more quickly, which could potentially strain its cash flow. Conversely, a higher number of days of payables may indicate that the company is taking longer to fulfill its payment obligations, which could strain supplier relationships and affect credit terms.
For a comprehensive analysis of GATX Corp.'s number of days of payables, it would be necessary to obtain the actual numerical data for each quarter and calculate the average DPO over the specified period. From there, trends and factors affecting the DPO could be analyzed to provide insights into the company's payment practices and financial health.
Peer comparison
Dec 31, 2023