ITT Inc (ITT)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 5.20 | 5.03 | 5.30 | 4.90 | 4.98 | 5.29 | 5.26 | 5.27 | 5.15 | 5.12 | 4.66 | 4.63 | 5.00 | 5.54 | 5.41 | 5.23 | 5.53 | 5.65 | 6.56 | 5.91 | |
| Number of days of payables | days | 70.20 | 72.62 | 68.82 | 74.51 | 73.31 | 69.00 | 69.42 | 69.27 | 70.88 | 71.28 | 78.34 | 78.79 | 73.06 | 65.91 | 67.49 | 69.75 | 66.04 | 64.64 | 55.67 | 61.78 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.20
= 70.20
The number of days of payables for ITT Inc has fluctuated over the past few years. The trend shows an increase from around 60 days in early 2020 to reaching a peak of over 78 days by the first half of 2022. However, there was a slight decrease in the number of days of payables in the second half of 2022 and 2023. Despite some fluctuations, the number of days of payables has generally remained in the range of 60-70 days in recent periods.
A higher number of days of payables indicates that the company is taking longer to pay its suppliers, which can sometimes be a sign of financial strength as it suggests the company is able to hold onto cash longer. However, it can also indicate potential cash flow issues if the company is stretching its payables too far.
Overall, the trend in ITT Inc's number of days of payables suggests that the company has been managing its payable obligations within a reasonable range, with some fluctuations seen over the years. Judging the impact of these changes would require further analysis in conjunction with other financial metrics.
Peer comparison
Dec 31, 2024