Rockwell Automation Inc (ROK)
Number of days of payables
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 8.43 | 9.10 | 8.50 | 8.27 | 6.60 | 6.99 | 6.89 | 6.35 | 6.31 | 6.39 | 6.69 | 7.16 | 6.54 | 6.24 | 6.51 | 7.14 | 7.62 | 8.04 | 7.34 | 7.69 | |
| Number of days of payables | days | 43.28 | 40.12 | 42.93 | 44.15 | 55.34 | 52.19 | 52.95 | 57.47 | 57.84 | 57.11 | 54.57 | 51.01 | 55.84 | 58.47 | 56.09 | 51.10 | 47.91 | 45.42 | 49.76 | 47.47 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.43
= 43.28
The number of days of payables for Rockwell Automation Inc has shown some fluctuations over the past few years. The trend indicates that the company takes, on average, around 45 to 55 days to pay its suppliers. In recent quarters, the number of days of payables has been decreasing slightly, suggesting that the company may be managing its payables more efficiently.
It is important to note that a lower number of days of payables may indicate that the company is paying its suppliers more quickly, which could potentially strain its cash flow. On the other hand, a higher number of days of payables may suggest that the company is taking longer to settle its payables, which could lead to strained relationships with suppliers.
Overall, monitoring the number of days of payables can provide insights into Rockwell Automation Inc's cash management practices and its relationships with suppliers.
Peer comparison
Sep 30, 2024