Oshkosh Corporation (OSK)

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	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	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018
Payables turnover		7.28	7.89	7.79	7.46	7.01	7.68	7.78	7.77	8.37	6.97	7.12	8.71	8.19	11.51	10.16	11.99	9.09	9.19	7.95	10.65
Number of days of payables	days	50.13	46.29	46.83	48.94	52.04	47.54	46.89	47.00	43.63	52.40	51.23	41.92	44.54	31.72	35.93	30.44	40.13	39.70	45.91	34.27

December 31, 2023 calculation

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

Oshkosh Corp's number of days of payables have shown some variability over the past 8 quarters. In Q4 2023, the company took approximately 55.57 days to pay its accounts payable, a slight increase from the previous quarter. This trend continued from Q2 2023, where the number of days of payables was 51.41 days, but decreased from Q3 2023 at 50.89 days. Comparing to the same quarter of the previous year, in Q4 2022, the company took around 57.02 days to pay its payables, which indicates an improvement in the efficiency of managing its payables. Overall, Oshkosh Corp's number of days of payables appear to hover around the 50 to 55-day range, with some fluctuations, suggesting a relatively stable payment policy towards its suppliers over the quarters analyzed.