Ingersoll Rand Inc (IR)
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 | 4.98 | 5.92 | 5.77 | 5.12 | 4.61 | 5.05 | 4.85 | 4.70 | 4.72 | 4.76 | 4.36 | 4.20 | 4.92 | 3.14 | 2.42 | 1.75 | 3.84 | 4.76 | 4.99 | 4.90 | |
| Number of days of payables | days | 73.22 | 61.70 | 63.22 | 71.24 | 79.16 | 72.25 | 75.22 | 77.64 | 77.35 | 76.75 | 83.69 | 86.89 | 74.14 | 116.06 | 150.53 | 209.02 | 95.11 | 76.62 | 73.17 | 74.42 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.98
= 73.22
Ingersoll-Rand Inc's number of days of payables has fluctuated over the past eight quarters. In Q4 2023, the company had 73.22 days of payables, which decreased compared to the previous quarter Q3 2023 with 61.70 days. This suggests that the company took slightly longer to pay its suppliers in Q4 2023.
However, when compared to the same quarter in the previous year, Q4 2022 with 79.16 days, the number of days of payables has improved, indicating a more efficient management of payables by the company.
Overall, the trend in the number of days of payables for Ingersoll-Rand Inc reflects some variability, highlighting the importance of monitoring and managing payment cycles effectively to optimize cash flow and working capital management.
Peer comparison
Dec 31, 2023