Lear Corporation (LEA)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		6.60	6.36	6.33	5.33	6.72
Number of days of payables	days	55.27	57.42	57.66	68.51	54.35

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.60
= 55.27

To calculate the number of days of payables for Lear Corp., we need the following information:
- Accounts Payable for each year
- Cost of Goods Sold for each year

Once these figures are available, we can compute the number of days of payables using the formula:
Number of Days of Payables = (Accounts Payable / Cost of Goods Sold) * 365

Without these specific data points for Lear Corp. for the years ending in December from 2019 to 2023, we are unable to determine the number of days of payables accurately. This metric is crucial for assessing how many days, on average, it takes the company to pay its suppliers after the goods have been received or services have been provided. An increasing number of days of payables could indicate a potential liquidity advantage, while a decreasing trend may signal improved supplier relationships or tightened working capital management.

For a more insightful analysis of Lear Corp.'s payables management efficiency, the specific financial figures mentioned above are essential for a thorough evaluation of the company's performance over the years in question.