Ingersoll Rand Inc (IR)

Number of days of payables

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Payables turnover 4.82 4.98 4.61 4.72 4.79
Number of days of payables days 75.75 73.22 79.16 77.35 76.23

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.82
= 75.75

Ingersoll Rand Inc's number of days of payables, a measure of how long it takes the company to pay its suppliers, has shown a slight increasing trend over the period analyzed. Specifically, the number of days of payables was 76.23 days as of December 31, 2020, increasing to 77.35 days by December 31, 2021, and further to 79.16 days by December 31, 2022. However, there was a decrease in the number of days of payables to 73.22 days as of December 31, 2023, followed by a slight increase to 75.75 days by December 31, 2024.

This indicates that Ingersoll Rand Inc has been taking slightly longer to pay its suppliers over the years, which may have implications for its cash management and working capital efficiency. It is essential for the company to monitor this metric closely to ensure appropriate management of its payables in order to maintain supplier relationships and optimize its cash flow position.