Gartner Inc (IT)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 119.59 | 76.32 | 53.12 | 78.40 | 93.42 | |
| Number of days of payables | days | 3.05 | 4.78 | 6.87 | 4.66 | 3.91 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 119.59
= 3.05
The number of days of payables for Gartner Inc has fluctuated over the years, increasing from 3.91 days as of December 31, 2020 to a peak of 6.87 days as of December 31, 2022, before slightly decreasing to 4.78 days as of December 31, 2023, and further dropping to 3.05 days as of December 31, 2024.
A lower number of days of payables generally indicates that the company is paying its suppliers more quickly, which could be beneficial for maintaining good relationships with suppliers. On the other hand, a higher number of days of payables could suggest that the company is taking longer to pay its suppliers, potentially indicating liquidity or cash flow constraints.
Overall, the trend in Gartner Inc's number of days of payables over the years may reflect changes in the company's payment practices, supplier relationships, and working capital management strategies.
Peer comparison
Dec 31, 2024