Gartner Inc (IT)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 119.22 | — | — | 75.40 | — | — | — | 52.57 | — | — | — | 55.02 | — | — | — | 92.24 | — | — | — | 115.94 | |
| Number of days of payables | days | 3.06 | — | — | 4.84 | — | — | — | 6.94 | — | — | — | 6.63 | — | — | — | 3.96 | — | — | — | 3.15 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 119.22
= 3.06
The number of days of payables for Gartner Inc has fluctuated over the years. As of December 31, 2019, the company had an average payment period of 3.15 days. This indicates that Gartner was able to settle its outstanding liabilities relatively quickly during that period. The number of days of payables remained consistent for some time as the data for the subsequent quarters is not available.
By December 31, 2021, the number of days of payables had increased to 6.63 days, suggesting a lengthening of the company's payment period. This increase could indicate that Gartner was taking longer to pay its creditors, potentially due to changes in its cash flow or working capital management.
The trend continued, reaching 6.94 days by the end of December 31, 2022, before decreasing slightly to 4.84 days by December 31, 2023. This decrease could imply that Gartner had improved its payables management or negotiated better terms with suppliers.
Overall, the company's number of days of payables provides insights into its payment practices and liquidity management. A longer payment period may indicate either improved working capital efficiency or potential strained relationships with suppliers, while a shorter period could signal strong cash flow management or tight control over payables. It would be beneficial to monitor this metric over time to assess Gartner's financial health and vendor relationships.
Peer comparison
Dec 31, 2024