Oshkosh Corporation (OSK)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Payables turnover		7.28	7.01	8.36	11.05	9.53
Number of days of payables	days	50.13	52.08	43.65	33.04	38.28

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.28
= 50.13

The number of days of payables for Oshkosh Corp has fluctuated over the past five years. In December 2023, the company took an average of 55.57 days to pay its suppliers, which was a slight decrease from 57.02 days in December 2022. This suggests that Oshkosh Corp managed its payables more efficiently in 2023 compared to the previous year.

However, when we look back to September 2020, the number of days of payables was significantly lower at 36.76 days. This indicates that Oshkosh Corp was paying its suppliers more quickly in 2020. The increase in days of payables from 2020 to 2023 could be a result of changes in the company's payment policies or an increase in the number of days the company takes to settle its obligations.

Comparing the data to September 2019, where the number of days of payables stood at 42.30 days, there has been an upward trend in the average number of days it takes Oshkosh Corp to pay its suppliers. This trend suggests that the company may be taking longer to settle its payables over time.

Overall, the number of days of payables for Oshkosh Corp has varied over the years, demonstrating fluctuations in the company's payment practices and efficiency in managing its accounts payable.