Johnson Controls International PLC (JCI)
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 | 4.65 | 4.38 | 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 | 6.46 | 6.63 | 7.35 | |
| Number of days of payables | days | 78.43 | 83.29 | 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 | 56.52 | 55.07 | 49.68 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.65
= 78.43
The number of days of payables for Johnson Controls International plc has shown a fluctuating trend over the past eight quarters. The company's payables have ranged from 80.86 days to 91.92 days during this period. A lower number of days of payables indicates that the company is taking less time to pay its suppliers, which may suggest efficient management of working capital. On the other hand, a higher number of days of payables can indicate a potential strain on the company's cash flow or a deliberate strategy to delay payments. Analyzing the trend over time and comparing it to industry benchmarks can provide valuable insights into the company's liquidity management and supplier relationships.
Peer comparison
Dec 31, 2023
See also:
Johnson Controls International PLC Average Payables Payment Period (Quarterly Data)