ITT Inc (ITT)
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 | 5.29 | 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 | 5.83 | 5.62 | 5.43 | 5.43 | |
| Number of days of payables | days | 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 | 62.66 | 64.94 | 67.21 | 67.24 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.98
= 73.31
The number of days of payables for ITT Inc has shown a slight upward trend over the past four quarters, with Q4 2023 reporting 73.31 days compared to 69.00 days in Q3 2023. This indicates that the company is taking slightly longer to pay its suppliers. However, it is important to note that the number of days of payables for Q4 2023 is still within a relatively stable range observed over the previous quarters.
Comparing the number of days of payables in Q4 2023 to the same quarter in the previous year, there has been a marginal increase from 70.88 days in Q4 2022. This suggests that ITT Inc may be slowing down its payment cycle to suppliers.
Overall, while the increase in the number of days of payables may raise concerns about potential liquidity issues or strained supplier relationships, the relatively stable trend over the past quarters indicates that ITT Inc is managing its payables effectively. It is important for the company to closely monitor its payables turnover and ensure timely payments to maintain positive relationships with suppliers.
Peer comparison
Dec 31, 2023