Honeywell International Inc (HON)
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 | 4.22 | 4.48 | 4.51 | 4.59 | 4.72 | 4.86 | 4.70 | 4.63 | 4.46 | 4.73 | 4.64 | 4.79 | 4.79 | 5.36 | 5.43 | 5.32 | 5.35 | 5.63 | 5.89 | 6.22 | |
| Number of days of payables | days | 86.58 | 81.40 | 80.88 | 79.54 | 77.28 | 75.14 | 77.69 | 78.80 | 81.85 | 77.20 | 78.60 | 76.16 | 76.17 | 68.06 | 67.25 | 68.65 | 68.28 | 64.78 | 61.98 | 58.65 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.22
= 86.58
Honeywell International Inc's number of days of payables has shown a fluctuating trend over the past eight quarters. The average number of days of payables has been around 100 days, indicating that on average, the company takes approximately 100 days to pay off its outstanding payables.
The increasing trend from Q1 2022 to Q4 2023 suggests that the company may be taking longer to pay off its suppliers over time. This could have implications for its cash flow management and relationships with vendors. It is important for the company to closely monitor and manage its payables to ensure efficient working capital management.
Peer comparison
Dec 31, 2023
See also:
Honeywell International Inc Average Payables Payment Period (Quarterly Data)