Northrop Grumman Corporation (NOC)

Number of days of payables

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Payables turnover		1.56	1.94	1.59	2.17	2.59
Number of days of payables	days	234.29	188.12	229.47	167.97	140.85

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.56
= 234.29

The number of days of payables for Northrop Grumman Corporation has shown fluctuations over the past five years. As of December 31, 2020, the company took approximately 140.85 days to pay off its payables, which increased to around 167.97 days by December 31, 2021. There was a significant jump in the number of days of payables to approximately 229.47 days by December 31, 2022. However, by December 31, 2023, this metric decreased to around 188.12 days. Subsequently, by December 31, 2024, the number of days of payables increased again to approximately 234.29 days. These fluctuations may indicate changes in the company's payment policies, cash flow management, or supplier relationships, which would require further investigation to fully understand the implications for Northrop Grumman Corporation.