Johnson Controls International PLC (JCI)
Number of days of payables
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 6.39 | 4.58 | 4.81 | 4.65 | 5.35 | 5.82 | 5.71 | 5.95 | 5.53 | 5.71 | 5.62 | 5.42 | 5.78 | 5.77 | 6.23 | 6.68 | 7.02 | 7.43 | 7.42 | 6.99 | |
| Number of days of payables | days | 57.11 | 79.72 | 75.94 | 78.43 | 68.26 | 62.77 | 63.89 | 61.36 | 65.95 | 63.94 | 64.90 | 67.32 | 63.18 | 63.31 | 58.58 | 54.63 | 52.00 | 49.13 | 49.19 | 52.22 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.39
= 57.11
The number of days of payables for Johnson Controls International PLC has shown some fluctuations over the past several quarters. As of September 30, 2024, the company takes approximately 57.11 days to pay its accounts payable on average, which is a decrease compared to the prior quarter.
Looking at the trend over the last few quarters, there seems to be some variability in the number of days of payables, with peaks and troughs scattered throughout. This pattern suggests that the company's payment practices may vary over time, potentially influenced by factors such as cash flow management, supplier relationships, and overall business operations.
It is important for stakeholders to monitor this metric closely as it can provide insights into the company's liquidity position, efficiency of working capital management, and relationships with suppliers. A decreasing trend in the number of days of payables may indicate a more efficient management of trade credit terms, while an increasing trend could signal potential liquidity constraints or strained supplier relationships.
Peer comparison
Sep 30, 2024
See also:
Johnson Controls International PLC Average Payables Payment Period (Quarterly Data)