nVent Electric PLC (NVT)
Number of days of payables
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 10.76 | 10.66 | 9.82 | 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 | 6.06 | |
| Number of days of payables | days | 33.93 | 34.23 | 37.17 | 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 | 60.20 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.76
= 33.93
nVent Electric PLC's number of days of payables has fluctuated over the past few years. The trend shows some variability, with the number of days of payables ranging from a low of 17.13 days to a high of 60.20 days. In recent quarters, the number of days of payables has been decreasing, indicating that the company is taking less time to pay its suppliers. This could suggest efficient cash management or good relationships with suppliers. However, it's important to monitor this ratio over time to ensure that the company maintains a healthy balance between managing payables effectively and maintaining good vendor relationships.
Peer comparison
Jun 30, 2024