GE HealthCare Technologies Inc. (GEHC)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|
| Payables turnover | 1.41 | 1.46 | 1.42 | |
| Number of days of payables | days | 258.44 | 249.22 | 257.26 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.41
= 258.44
The number of days of payables for GE HealthCare Technologies Inc. has shown a slight decrease from 257.26 days as of December 31, 2022, to 249.22 days as of December 31, 2023, and then a slight increase to 258.44 days as of December 31, 2024.
This indicates that, on average, the company takes approximately 249 to 258 days to pay its suppliers or trade payables. A longer number of days of payables could suggest that the company is taking longer to settle its obligations, potentially indicating weaker liquidity or cash flow management. It is important to monitor trends in this ratio over time to assess the company's efficiency in managing its payables effectively.
Peer comparison
Dec 31, 2024