GE Aerospace (GE)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 0.96 | 1.19 | 1.12 | — | 5.48 | |
| Number of days of payables | days | 378.73 | 306.23 | 324.58 | — | 66.61 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.96
= 378.73
The number of days of payables for General Electric Co. has shown some fluctuation over the past five years. In 2023, the company took approximately 77.34 days to settle its payables. This marks a decrease from the 83.01 days taken in 2019. However, data for the years 2020, 2021, and 2022 is not available, making it difficult to ascertain the trend over the entire period. Overall, it appears that General Electric Co. has been managing its payables efficiently in recent years, as indicated by the decreasing number of days needed to settle its obligations.
Peer comparison
Dec 31, 2023
Company name
Symbol
Number of days of payables
GE Aerospace
GE
378.73
Emerson Electric Company
EMR
36.28
GE Vernova LLC
GEV
—
Otis Worldwide Corp
OTIS
338.84