Envista Holdings Corp (NVST)
Number of days of payables
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 14.46 | 13.81 | 13.19 | 12.48 | 10.13 | 12.28 | — | — | 12.10 | — | — | — | 10.77 | — | ||||
| Number of days of payables | days | 25.25 | 26.44 | 27.66 | 29.24 | 36.05 | 29.72 | — | — | 30.16 | — | — | — | 33.89 | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.46
= 25.25
Envista Holdings Corp's number of days of payables has shown a decreasing trend over the past two quarters, dropping from 61.90 days in Q1 2023 to 58.19 days in Q4 2023. This indicates that the company is taking fewer days to pay off its accounts payable, potentially enhancing its liquidity position by holding onto cash for a shorter period of time.
Comparing the current figure to the same quarter a year ago, there has been a significant improvement from 76.15 days in Q4 2022 to 58.19 days in Q4 2023. This suggests that Envista Holdings Corp has become more efficient in managing its payable obligations, likely by negotiating better terms with suppliers or streamlining payment processes.
Overall, the decreasing trend in the number of days of payables reflects positively on Envista Holdings Corp's working capital management and cash flow position, contributing to potential improvements in financial performance and stability.
Peer comparison
Dec 31, 2023