L3Harris Technologies Inc (LHX)

Number of days of payables

		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	Sep 30, 2019	Jun 30, 2019
Payables turnover		10.47	9.13	8.74	8.39	8.74	8.31	8.54	8.09	9.25	9.56	9.55	18.36	21.43	22.04	21.83	14.12	13.07	7.70	5.24	9.44
Number of days of payables	days	34.88	39.98	41.75	43.50	41.76	43.92	42.74	45.10	39.48	38.18	38.22	19.88	17.03	16.56	16.72	25.84	27.92	47.40	69.60	38.67

June 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.47
= 34.88

The number of days of payables for L3Harris Technologies Inc has been fluctuating over the past few quarters, ranging from a low of 16.56 days to a high of 69.60 days.

In general, a lower number of days of payables indicates that the company is taking less time to pay its suppliers, which could be beneficial in terms of maintaining good relationships with suppliers. On the other hand, a higher number of days of payables may suggest that the company is taking longer to pay its bills, which could potentially strain supplier relationships or indicate liquidity issues.

It is important to note that the number of days of payables should be evaluated in conjunction with other financial ratios and trends to get a holistic view of a company's financial health and management of working capital.