Chart Industries Inc (GTLS)
Number of days of payables
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 3.75 | 3.58 | 3.06 | 2.56 | 7.19 | 7.10 | 6.61 | 7.20 | 7.16 | 6.59 | 6.55 | 7.26 | 8.17 | 10.98 | 11.44 | 10.57 | 10.43 | 9.86 | 9.70 | 9.21 | |
| Number of days of payables | days | 97.44 | 101.88 | 119.10 | 142.66 | 50.76 | 51.39 | 55.19 | 50.70 | 50.99 | 55.37 | 55.71 | 50.26 | 44.70 | 33.24 | 31.91 | 34.54 | 34.98 | 37.00 | 37.62 | 39.64 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.75
= 97.44
Chart Industries Inc's number of days of payables has shown a fluctuating trend over the past few quarters. The company's payables turnover period, which indicates how long it takes for the company to pay its suppliers, has ranged from as low as 63.50 days in Q3 2022 to as high as 185.15 days in Q1 2023.
The increasing number of days of payables in Q1 2023 compared to previous quarters may suggest that Chart Industries Inc is taking longer to pay its suppliers during this period. This could be due to various reasons such as cash flow constraints, strategic payment policies, or negotiations with suppliers.
It is important for investors and stakeholders to monitor this metric closely as prolonged payment periods can impact relationships with suppliers and potentially indicate financial challenges within the company. Additionally, a significantly higher number of days of payables compared to industry peers may warrant further investigation into the company's working capital management practices.