General Dynamics Corporation (GD)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 1.03 | 1.03 | 1.13 | 1.04 | 1.06 | 0.99 | 0.96 | 1.00 | 0.97 | 1.05 | 1.04 | 1.00 | 0.99 | 1.16 | 1.18 | 1.13 | 1.05 | 4.53 | 8.35 | 9.97 | |
| Number of days of payables | days | 353.38 | 354.13 | 322.62 | 351.82 | 343.37 | 369.46 | 378.26 | 363.88 | 376.41 | 347.86 | 352.64 | 364.20 | 368.73 | 315.78 | 308.83 | 322.77 | 348.36 | 80.63 | 43.73 | 36.60 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.03
= 353.38
General Dynamics Corporation's number of days of payables has experienced fluctuations over the years. The metric indicates the average number of days it takes for the company to pay its suppliers and vendors.
From March 2020 to December 2024, the number of days of payables ranged from a low of 36.60 days to a high of 378.26 days. Notably, there has been significant variability in this ratio, with peaks observed in December 2021 and June 2023. This suggests that the company may have delayed payments to its suppliers during those periods.
Overall, monitoring the trend in the number of days of payables is crucial for understanding General Dynamics' payment practices and its relationships with suppliers. Fluctuations in this ratio may indicate changes in the company's working capital management or its strategic approach to managing supplier relationships.
Peer comparison
Dec 31, 2024
See also:
General Dynamics Corporation Average Payables Payment Period (Quarterly Data)