L3Harris Technologies Inc (LHX)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.74 | 8.38 | 9.46 | 12.57 | 8.89 | |
| Number of days of payables | days | 41.75 | 43.56 | 38.60 | 29.03 | 41.05 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.74
= 41.75
The number of days of payables for L3Harris Technologies Inc has been fluctuating over the past five years. In 2023, the company took, on average, 41.75 days to pay its suppliers, a slight decrease from the previous year's 43.56 days. This indicates that the company is managing its payables more efficiently compared to the previous year.
Looking back to 2021, the number of days of payables was 38.60 days, showing an increase from the 29.03 days in 2020. This suggests that in 2021, the company took longer to pay its suppliers relative to the previous year.
On the other hand, in 2019, the company had a similar number of days of payables as in 2023, with an average of 41.05 days. Overall, while there have been fluctuations in the number of days of payables for L3Harris Technologies Inc, the recent trend shows an improvement in managing payables more efficiently.
Peer comparison
Dec 31, 2023