JBTMarel Corp (JBTM)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.32 | 8.01 | 6.22 | 4.94 | 8.49 | |
| Number of days of payables | days | 43.89 | 45.54 | 58.69 | 73.90 | 43.01 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.32
= 43.89
The analysis of JBTMarel Corp's number of days of payables over the specified period reveals fluctuations that reflect the company's evolving payment practices toward its suppliers. As of December 31, 2020, the company maintained an average payable period of approximately 43.01 days. This position extended significantly by December 31, 2021, reaching roughly 73.90 days, indicative of a longer payment cycle during that year. Subsequently, the payable period decreased to approximately 58.69 days as of December 31, 2022, suggesting an acceleration in payments or a change in credit terms. By the end of 2023, the number of days of payables further reduced to approximately 45.54 days, approaching the levels observed in 2020 and reflecting a potential stabilization or return to earlier payment behaviors. The trend through to December 31, 2024, remains relatively stable at around 43.89 days, indicating that the company's accounts payable practices have normalized to a consistent cycle within the mid-40-day range. Overall, the data illustrates a significant increase in payable days in 2021, followed by a gradual reduction and stabilization, which may correspond to strategic adjustments in liquidity management or supplier relationships over these years.
Peer comparison
Dec 31, 2024