IDEX Corporation (IEX)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 10.17 | 8.40 | 8.61 | 8.71 | 9.89 | |
| Number of days of payables | days | 35.90 | 43.45 | 42.37 | 41.90 | 36.90 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.17
= 35.90
The number of days of payables for Idex Corporation has exhibited a fluctuating trend over the past five years. In particular, the company's payment period to its suppliers decreased from 43.45 days in 2022 to 35.90 days in 2023, suggesting that Idex Corporation is taking fewer days to settle its accounts payable. This improvement in the payables turnover ratio may indicate more efficient management of trade credit terms and better cash flow management by the company. However, it's worth noting that the payables days have shown some variability in recent years, with fluctuations observed in 2021 and 2020. Overall, the downward trend in the number of days of payables could potentially signify enhanced liquidity and working capital management within Idex Corporation.
Peer comparison
Dec 31, 2023