Gartner Inc (IT)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 76.32 | 53.12 | 78.40 | 93.42 | 117.18 | |
| Number of days of payables | days | 4.78 | 6.87 | 4.66 | 3.91 | 3.11 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 76.32
= 4.78
The number of days of payables for Gartner, Inc. has fluctuated over the past five years. In 2023, it stood at 12.11 days, which represents the number of days on average that the company takes to pay its suppliers. This figure decreased from 17.93 days in 2022, indicating an improvement in the efficiency of managing payables. Compared to 2021 and 2020, where the number of days of payables was 12.45 days and 10.47 days respectively, the 2023 figure suggests a relatively better control over payables.
However, when comparing the most recent data to 2019, where the number of days of payables was 7.77 days, there has been an increase in the time taken to settle obligations to suppliers. This could be an indication of a change in payment policies or a shift in supplier relationships. Overall, monitoring the number of days of payables provides insights into Gartner's liquidity management and financial health.
Peer comparison
Dec 31, 2023