General Dynamics Corporation (GD)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 1.06 | 0.97 | 0.99 | 1.04 | 11.24 | |
| Number of days of payables | days | 343.37 | 376.41 | 368.73 | 350.97 | 32.48 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.06
= 343.37
The number of days of payables for General Dynamics Corp. has shown a fluctuating trend over the past five years. The company took, on average, about 31.73 days to pay its suppliers in 2023, which decreased compared to the previous year. This suggests that the company improved its efficiency in managing its accounts payable.
In 2022, the number of days of payables was 37.83 days, which was higher than the current year. The decrease in 2023 indicates that the company may have negotiated better payment terms with its suppliers or optimized its payment processes.
Looking further back, in 2021, the number of days of payables was 36.05 days, slightly higher than in 2023. In 2020 and 2019, the number of days of payables was 34.10 days and 35.74 days, respectively. These figures suggest that the company has been relatively consistent in managing its payables over the past five years.
Overall, the decreasing trend in the number of days of payables from 2022 to 2023 indicates an improvement in the company's ability to manage its accounts payable efficiently, potentially enhancing its working capital management and cash flow position.
Peer comparison
Dec 31, 2023
See also:
General Dynamics Corporation Average Payables Payment Period