Chart Industries Inc (GTLS)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 3.79 | 7.28 | 7.28 | 8.12 | 10.58 | |
| Number of days of payables | days | 96.43 | 50.11 | 50.17 | 44.92 | 34.49 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.79
= 96.43
The number of days of payables for Chart Industries Inc has shown an increasing trend over the past five years. In 2023, the company took on average 128.03 days to pay its suppliers, compared to 63.94 days in 2022, 64.62 days in 2021, 60.52 days in 2020, and 47.41 days in 2019. This indicates that the company has been taking longer to settle its accounts payable, which may suggest a change in its payment practices or potential liquidity constraints. A higher number of days of payables could also imply that the company is effectively using trade credit to manage its working capital. Further analysis of the company's financial position and cash flow management is recommended to understand the implications of this trend.