Envista Holdings Corp (NVST)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 20.77 | 6.27 | 4.79 | 5.83 | 3.72 | |
| Number of days of payables | days | 17.57 | 58.19 | 76.15 | 62.65 | 98.15 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 20.77
= 17.57
The number of days of payables for Envista Holdings Corp has fluctuated over the past five years. Starting at 98.15 days on December 31, 2020, the company took approximately 98 days to pay off its trade payables on average. By December 31, 2021, this number decreased to 62.65 days, indicating an improvement in the efficiency of managing its accounts payable.
However, by December 31, 2022, the number of days of payables increased to 76.15 days, suggesting a slight delay in paying off its obligations. Subsequently, by December 31, 2023, the number of days of payables further decreased to 58.19 days, which may indicate a more proactive approach in managing payables.
Most notably, by December 31, 2024, the number of days of payables significantly decreased to 17.57 days, reflecting a substantial improvement in the company's ability to settle its accounts payable in a more timely manner. Overall, these changes in the number of days of payables demonstrate variations in Envista Holdings Corp's payment practices and efficiency in managing its trade payables over the period analyzed.
Peer comparison
Dec 31, 2024