Lennox International Inc (LII)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.16 | 8.04 | 7.48 | 7.62 | 7.32 | |
| Number of days of payables | days | 39.83 | 45.42 | 48.83 | 47.88 | 49.84 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.16
= 39.83
The number of days of payables for Lennox International Inc has exhibited a decreasing trend over the past five years. In 2023, the company took on average 39.83 days to pay its payables, which is lower compared to 45.42 days in 2022, 48.83 days in 2021, 47.88 days in 2020, and 49.84 days in 2019. This suggests that the company has been able to manage its payables more efficiently over time, potentially improving its working capital management. A lower number of days of payables indicates that Lennox International Inc is taking less time to settle its short-term liabilities, which may reflect positively on its liquidity and cash flow position.
Peer comparison
Dec 31, 2023