GE Aerospace (GE)
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 | 2.06 | 2.16 | 2.27 | 2.43 | 2.14 | — | — | — | 5.77 | — | — | — | — | 5.87 | 6.28 | 6.02 | 6.12 | 5.47 | 4.95 | 3.61 | |
| Number of days of payables | days | 177.37 | 169.36 | 160.91 | 150.29 | 170.22 | — | — | — | 63.30 | — | — | — | — | 62.19 | 58.08 | 60.58 | 59.61 | 66.72 | 73.80 | 101.18 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.06
= 177.37
The number of days of payables for General Electric Co. has been gradually increasing over the past four quarters. In Q4 2023, the number of days of payables stood at 77.34 days, which is higher compared to 75.84 days in Q3 2023, 72.67 days in Q2 2023, and 68.16 days in Q1 2023. The rising trend in the number of days of payables suggests that the company is taking longer to pay its suppliers and vendors, potentially indicating a weakening liquidity position or a deliberate strategy to manage cash flow. It is worth noting that data for Q4 2022 and prior quarters is not provided, making it difficult to assess the trend over a longer time frame and draw more conclusive insights.
Peer comparison
Dec 31, 2023
See also:
GE Aerospace Average Payables Payment Period (Quarterly Data)