Gentex Corporation (GNTX)

Number of days of payables

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Payables turnover 10.04 9.31 8.15 8.78 9.05 9.45 9.38 9.03 9.47 8.01 6.87 8.78 12.46 12.57 12.74 11.19 14.10 12.87 19.50 12.77
Number of days of payables days 36.35 39.22 44.78 41.56 40.33 38.62 38.91 40.43 38.54 45.55 53.13 41.59 29.28 29.05 28.66 32.61 25.89 28.37 18.72 28.58

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.04
= 36.35

The number of days of payables for Gentex Corporation has shown fluctuations over the years based on the provided data. From March 31, 2020, to December 31, 2024, the trend varied with periods of increase and decrease. The number of days of payables ranged from a low of 18.72 days on June 30, 2020, to a high of 53.13 days on June 30, 2022.

Overall, the number of days of payables indicates the average number of days the company takes to pay its suppliers for goods and services purchased on credit. A lower number of days suggests that the company is paying its suppliers more quickly, while a higher number of days indicates a longer period before payments are made.

The trend in Gentex Corporation's number of days of payables can provide insights into the company's working capital management and its relationships with suppliers. It is important for investors and stakeholders to monitor these trends to assess the company's liquidity, efficiency in managing its payables, and overall financial health.