GE HealthCare Technologies Inc. (GEHC)
Number of days of payables
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 1.46 | 2.21 | ||||
| Number of days of payables | days | 249.17 | 165.52 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.46
= 249.17
The number of days of payables for GE HealthCare Technologies Inc. increased from 165.52 days as of September 30, 2023, to 249.17 days as of December 31, 2023. This indicates that the company took longer to pay off its suppliers and vendors towards the end of the year. A higher number of days of payables may suggest that the company is stretching its payment terms, potentially indicating cash flow constraints or deliberate working capital management strategies. Further analysis of the company's cash flow and liquidity position would be necessary to fully understand the implications of this increase in the number of days of payables.
Peer comparison
Dec 31, 2023