Otis Worldwide Corp (OTIS)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 1.06 | 1.08 | 1.11 | 1.35 | 1.49 | |
| Number of days of payables | days | 343.95 | 338.84 | 330.19 | 270.19 | 244.51 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.06
= 343.95
The number of days of payables for Otis Worldwide Corp has shown an increasing trend over the five-year period from 2020 to 2024. Specifically, the number of days of payables has risen from 244.51 days at December 31, 2020, to 343.95 days at December 31, 2024. This indicates that, on average, the company is taking longer to pay its suppliers and creditors over this period. The increase in days of payables may suggest a potential extension of payment terms or a deliberate strategy to manage cash flow. It is important to monitor this metric over time to assess the company's liquidity management and its relationships with suppliers.
Peer comparison
Dec 31, 2024