Hubbell Inc (HUBB)

Number of days of payables

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Payables turnover		8.61	8.58	7.92	7.62	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
Number of days of payables	days	42.37	42.53	46.06	47.88	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

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 some fluctuations over the years. The trend indicates that the company took an average of about 40 days to pay its suppliers in recent years. There was a noticeable increase in the number of days of payables from March 2021 to December 2021, reaching a peak of 47.59 days. However, there was a slight decrease in days of payables by the end of December 2024, with the number of days standing at 42.37 days.

Overall, the number of days of payables for Hubbell Inc seems to have stabilized around the mid-forties range over the last few periods, indicating the company's payment practices towards its suppliers. It is essential to monitor this ratio as it can provide insight into Hubbell Inc's liquidity management and vendor negotiation strategies.