Hubbell Inc (HUBB)

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		7.83	7.83	7.86	7.97	8.16	7.41	7.56	7.54	7.67	8.21	8.44	8.81	10.97	9.73	10.83	11.26	11.59	9.81	9.45	9.97
Number of days of payables	days	46.60	46.63	46.43	45.78	44.72	49.29	48.31	48.39	47.59	44.45	43.27	41.45	33.27	37.52	33.69	32.42	31.51	37.21	38.63	36.63

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.83
= 46.60

Hubbell Inc.'s number of days of payables has shown some fluctuations over the past eight quarters. The trend seems to be increasing overall, with a slight dip in Q1 2023 compared to the previous quarter. The company's payables were managed for an average of around 58-59 days in recent quarters, with the highest being in Q3 2022 at 66.39 days. This suggests that Hubbell Inc. takes approximately two months to pay its suppliers and vendors. It's important to monitor this metric to assess the company's ability to manage its working capital efficiently and effectively.