Resideo Technologies Inc (REZI)
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 | 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 5.86 | 6.22 | 5.72 | 6.12 | 6.34 | 5.94 | 5.51 | 5.53 | 5.97 | 5.88 | 5.76 | 5.21 | 4.63 | 4.91 | 5.11 | 5.09 | 5.29 | 4.83 | 4.33 | ||
| Number of days of payables | days | 62.25 | 58.72 | 63.85 | 59.62 | 57.57 | 61.40 | 66.24 | 65.96 | 61.18 | 62.13 | 63.40 | 70.11 | 78.88 | 74.40 | 71.41 | 71.70 | 69.04 | 75.63 | 84.20 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.86
= 62.25
The number of days of payables for Resideo Technologies Inc has fluctuated over the past eight quarters. In Q4 2023, the company took approximately 72.66 days to settle its payables, showing a slight increase compared to the previous quarter at 69.12 days. This indicates that the company is taking longer to pay its outstanding obligations to suppliers.
Looking back further, the trend shows some variability in the number of days of payables, with figures ranging from 70.01 days to 81.34 days over the past two years. The highest number of days of payables was seen in Q2 2022 at 81.34 days, while the lowest was in Q4 2022 at 70.88 days.
Analyzing the data, it appears that Resideo Technologies Inc has been managing its payables efficiently in recent quarters, as the number of days to settle payables has generally been within a reasonable range. However, it is important to keep monitoring this ratio to ensure that the company maintains a healthy and sustainable payment schedule with its suppliers.