Linde plc Ordinary Shares (LIN)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.11 | 9.20 | 7.26 | 7.64 | 7.83 | |
| Number of days of payables | days | 45.03 | 39.68 | 50.24 | 47.77 | 46.61 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.11
= 45.03
The number of days of payables for Linde Plc. has shown variability over the past five years. In 2023, the company had an average payment period of 63.02 days, an increase from the previous year. This suggests that the company took slightly longer to settle its payables in 2023 compared to 2022.
Comparing 2023 to 2021 and 2020, where the number of days of payables was 72.88 days and 73.44 days respectively, we observe a significant improvement in managing payables. This indicates that Linde Plc. has become more efficient in paying its creditors promptly over the last two years.
However, when looking back to 2019, where the number of days of payables was 71.62 days, it appears that the company's payment period in 2023 was slightly longer. This suggests a deviation from the positive trend observed in the immediate preceding years.
Overall, while the number of days of payables for Linde Plc. in 2023 increased compared to the prior year, there has been a noticeable improvement in managing payables efficiently when looking at a longer time horizon. Further analysis and consideration of industry benchmarks would provide additional insights into the company's payables management performance.
Peer comparison
Dec 31, 2023