General Dynamics Corporation (GD)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 3.56 | 3.32 | 3.26 | 3.38 | 0.97 | 1.05 | 1.04 | 1.00 | 0.99 | 1.16 | 1.18 | 1.13 | 1.05 | 4.53 | 8.35 | 9.97 | 11.23 | 11.63 | 11.99 | 11.05 | |
| Number of days of payables | days | 102.62 | 110.07 | 112.01 | 108.01 | 376.41 | 347.86 | 352.64 | 364.20 | 368.73 | 315.78 | 308.83 | 322.77 | 348.36 | 80.63 | 43.73 | 36.60 | 32.50 | 31.38 | 30.44 | 33.03 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.56
= 102.62
The number of days of payables for General Dynamics Corp. has ranged from 31.73 days to 37.83 days over the past eight quarters. Generally, a lower number of days of payables indicates that the company takes less time to pay its suppliers, which may suggest strong liquidity and efficient management of working capital.
Looking at the data provided, we observe a slight fluctuation in the number of days of payables over the quarters, with Q4 2023 showing the lowest value of 31.73 days. This decrease may indicate that the company is managing its payables more efficiently during this period.
Overall, the trend in the number of days of payables for General Dynamics Corp. appears relatively stable, with no significant upward or downward trend observed over the quarters analyzed. This stable trend suggests that the company has been able to maintain a consistent approach in managing its payables, which is an important aspect of financial health and working capital management.
Peer comparison
Dec 31, 2023
See also:
General Dynamics Corporation Average Payables Payment Period (Quarterly Data)