L3Harris Technologies Inc (LHX)

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	Sep 30, 2019
Payables turnover		9.86	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
Number of days of payables	days	37.01	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

September 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.86
= 37.01

L3Harris Technologies Inc's number of days of payables has shown some fluctuations over the past few years. The company's days of payables ranged from as low as 16.56 days to as high as 69.60 days. In recent quarters, the trend has been towards lower number of days of payables, indicating that the company is taking less time to pay off its creditors.

A lower number of days of payables could suggest that L3Harris Technologies Inc is efficiently managing its accounts payable, possibly negotiating more favorable payment terms with suppliers or improving its working capital management. On the other hand, a higher number of days of payables could imply a potential liquidity issue or strained relationships with suppliers.

It is important to monitor this metric over time to understand the company's payment practices and their impact on cash flow, working capital, and relationships with suppliers. Additionally, comparing L3Harris Technologies Inc's number of days of payables with industry benchmarks and its competitors can provide further insights into its operating performance and financial health.