Gates Industrial Corporation plc (GTES)
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 | 5.02 | 4.87 | 4.79 | 4.81 | 4.83 | 5.14 | 4.87 | — | 4.91 | — | — | — | 4.21 | — | — | — | — | — | — | — | |
| Number of days of payables | days | 72.69 | 74.97 | 76.13 | 75.88 | 75.55 | 70.96 | 75.00 | — | 74.41 | — | — | — | 86.60 | — | — | — | — | — | — | — |
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 fluctuations over the reported periods. As of December 31, 2021, the company took an average of 86.60 days to pay its payables. Subsequently, for the period ending December 31, 2022, it decreased to 74.41 days, indicating an improvement in the efficiency of managing its payables.
The trend continued with further reductions in the number of days of payables to 75.00 days as of June 30, 2023, followed by 70.96 days as of September 30, 2023. By December 31, 2023, the company's payables turnover further improved to 75.55 days.
Continuing this trend into the following years, as of March 31, 2024, June 30, 2024, September 30, 2024, and December 31, 2024, Gates Industrial Corporation plc managed its payables in approximately 75.88 days, 76.13 days, 74.97 days, and 72.69 days, respectively. This indicates a consistent effort to optimize the management of payables, reflecting positively on the company's liquidity position and potentially its relationships with suppliers.
Peer comparison
Dec 31, 2024