nVent Electric PLC (NVT)
Number of days of payables
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 11.54 | 10.76 | 10.66 | 11.29 | 10.47 | 10.20 | 10.07 | 9.58 | 9.21 | 8.25 | 8.35 | 7.92 | 8.53 | 9.36 | 10.96 | 11.31 | 21.31 | 18.20 | 14.41 | 9.86 | |
| Number of days of payables | days | 31.62 | 33.93 | 34.23 | 32.33 | 34.86 | 35.79 | 36.26 | 38.11 | 39.62 | 44.25 | 43.71 | 46.09 | 42.77 | 39.00 | 33.30 | 32.28 | 17.13 | 20.05 | 25.33 | 37.02 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.54
= 31.62
nVent Electric PLC's number of days of payables has been relatively stable over the periods analyzed, ranging from a low of 17.13 days to a high of 46.09 days. The company typically takes around a month to pay its creditors, with recent data showing around 31 to 35 days of payables. This suggests that nVent Electric PLC has a consistent payment schedule with its suppliers and is efficient in managing its payables. Additionally, the slight decrease in the number of days of payables over the periods indicates potential improvements in working capital management. Overall, nVent Electric PLC's number of days of payables reflects a balanced approach to managing its payment obligations.
Peer comparison
Sep 30, 2024