Illinois Tool Works Inc (ITW)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | — | — | — | — | |
| Number of days of payables | days | — | — | — | — | — |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The data provided for Illinois Tool Works Inc indicates that the number of days of payables is not specified or available for the years ending December 31, 2020, 2021, 2022, 2023, and 2024. Without this specific information, it is difficult to analyze the company's payables management efficiency and the average number of days it takes the company to pay its suppliers.
Analyzing the number of days of payables is crucial in understanding a company's working capital management. A longer payment period can indicate that the company is effectively utilizing its suppliers' financing to support operations. On the other hand, an unusually short payment period might suggest strong bargaining power with suppliers but could also potentially strain relationships.
To provide a more comprehensive analysis, it would be beneficial to access the specific number of days of payables or additional financial data for Illinois Tool Works Inc.
Peer comparison
Dec 31, 2024