Gates Industrial Corporation plc (GTES)
Number of days of payables
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 4.79 | 4.81 | 4.83 | 5.14 | 4.87 | — | 4.91 | — | — | — | 4.21 | — | — | — | — | — | — | — | — | — | |
| Number of days of payables | days | 76.13 | 75.88 | 75.55 | 70.96 | 75.00 | — | 74.41 | — | — | — | 86.60 | — | — | — | — | — | — | — | — | — |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.79
= 76.13
The number of days of payables for Gates Industrial Corporation plc has shown a slight decrease over the recent quarters, ranging from 70.96 days to 76.13 days. This indicates that the company takes an average of approximately 71 to 76 days to pay its suppliers and trade payables. The trend suggests that the company has been able to manage its payables efficiently, maintaining a relatively stable payment period. However, there are gaps in the data for certain quarters, making it difficult to assess the consistency of the trend over a longer period. It is important for investors and stakeholders to continue monitoring this metric to ensure the company's liquidity and financial health.
Peer comparison
Jun 30, 2024