Envista Holdings Corp (NVST)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 20.54 | 22.40 | 22.20 | 14.93 | 14.46 | 13.81 | 13.19 | 12.48 | 10.13 | 12.28 | — | — | 12.10 | — | — | — | 10.77 | — | |
| Number of days of payables | days | 17.77 | 16.29 | 16.44 | 24.45 | 25.25 | 26.44 | 27.66 | 29.24 | 36.05 | 29.72 | — | — | 30.16 | — | — | — | 33.89 | — |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 20.54
= 17.77
The number of days of payables for Envista Holdings Corp has shown a decreasing trend over the years, indicating that the company is taking fewer days to pay its suppliers. This trend suggests that Envista is managing its payables more efficiently, potentially improving its working capital management.
As of December 31, 2024, Envista had an average of 17.77 days of payables, which means the company takes approximately 17.77 days on average to pay its invoices from suppliers. This metric is important as it reflects the company's ability to manage its cash flow effectively and negotiate favorable payment terms with its vendors.
Envista's decreasing number of days of payables could be a result of improved cash flow management practices, negotiation power with suppliers, or changes in the company's operating cycle. Overall, a lower number of days of payables can indicate better financial health and efficiency in managing the company's financial obligations.
Peer comparison
Dec 31, 2024