Gates Industrial Corporation plc (GTES)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 5.02 | 4.83 | 4.91 | 4.21 | 4.21 | |
| Number of days of payables | days | 72.69 | 75.55 | 74.41 | 86.60 | 86.65 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.02
= 72.69
The number of days of payables for Gates Industrial Corporation plc has shown a decreasing trend over the years from 86.65 days as of December 31, 2020, to 72.69 days as of December 31, 2024. This indicates that the company is taking fewer days to pay its suppliers, which can be seen as a positive sign of efficient management of its payables. A decreasing number of days of payables may also suggest that the company is improving its cash flow management and liquidity position by settling its liabilities more promptly. However, it is essential to monitor this ratio closely to ensure that the company maintains a balance between timely payments and maintaining good supplier relationships.
Peer comparison
Dec 31, 2024