Pentair PLC (PNR)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.96 | 10.05 | 7.91 | 10.18 | 5.86 | |
| Number of days of payables | days | 30.53 | 36.31 | 46.17 | 35.86 | 62.27 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.96
= 30.53
The number of days of payables for Pentair plc has shown a decreasing trend over the past five years, indicating a more efficient management of payables. The company took 39.38 days to pay its suppliers in 2023, down from 47.00 days in 2022, 57.56 days in 2021, 45.64 days in 2020, and 62.27 days in 2019. This trend suggests that Pentair is taking less time to settle its outstanding payables, potentially improving its cash flow and relationships with suppliers. A lower number of days of payables generally indicates that the company is managing its working capital effectively and may even be negotiating better payment terms with its suppliers, thus potentially enhancing profitability and financial stability.
Peer comparison
Dec 31, 2023