Hubbell Inc (HUBB)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.61 | 7.83 | 8.16 | 7.02 | 11.06 | |
| Number of days of payables | days | 42.37 | 46.60 | 44.72 | 51.98 | 32.99 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.61
= 42.37
Hubbell Inc's number of days of payables has shown variability over the past five years. The number of days of payables was 32.99 days as of December 31, 2020, which then increased to 51.98 days by the end of 2021, indicating a lengthening of the company's payment period to suppliers. Subsequently, by December 31, 2022, the number of days of payables decreased to 44.72 days, suggesting a potential improvement in the efficiency of managing payables.
However, the trend reversed in the following years, as the number of days of payables increased to 46.60 days by December 31, 2023, and then decreased slightly to 42.37 days as of December 31, 2024. This fluctuation in the number of days of payables may indicate shifts in the company's payment policies and relationships with suppliers. Overall, a detailed analysis of the underlying reasons behind these changes would provide more insights into Hubbell Inc's working capital management and supplier interactions.
Peer comparison
Dec 31, 2024