IDEX Corporation (IEX)
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 | 10.17 | 10.44 | 9.69 | 8.38 | 8.40 | 8.60 | 7.69 | 7.56 | 8.61 | 8.45 | 7.91 | 7.94 | 8.71 | 9.78 | 9.68 | 8.58 | 9.89 | 9.32 | 8.54 | 8.52 | |
| Number of days of payables | days | 35.90 | 34.97 | 37.67 | 43.57 | 43.45 | 42.45 | 47.46 | 48.27 | 42.37 | 43.22 | 46.13 | 45.96 | 41.89 | 37.33 | 37.70 | 42.53 | 36.90 | 39.16 | 42.74 | 42.83 |
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 shown some fluctuations over the past eight quarters. In Q4 2023, the company had 35.90 days of payables, a slight increase from the previous quarter. This indicates that Idex is taking approximately 35.90 days on average to pay its suppliers.
Looking back at the trend, the number of days of payables has been relatively stable in the mid to high 30s range for the past few quarters, with some minor variations. The highest number of days of payables was recorded in Q1 2022 at 48.27 days, while the lowest was in Q4 2023 at 35.90 days.
Overall, a lower number of days of payables suggests that the company is managing its payables efficiently and may have good relationships with its suppliers. Conversely, a higher number of days of payables could indicate potential cash flow issues or delays in payment processing.
It is important for investors and stakeholders to monitor the trend in the number of days of payables to assess the company's liquidity position and its ability to manage working capital effectively.
Peer comparison
Dec 31, 2023