Regal Beloit Corporation (RRX)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.90 | 8.04 | 4.50 | 6.23 | 7.36 | |
| Number of days of payables | days | 41.03 | 45.40 | 81.17 | 58.56 | 49.60 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.90
= 41.03
Regal Rexnord Corp's number of days of payables has fluctuated over the past five years, indicating changes in the company's payment practices to its suppliers. The company's number of days of payables stood at 47.93 days as of December 31, 2023, which reflects a decrease from the previous year.
In comparison to three years ago (January 1, 2022), Regal Rexnord Corp has made significant improvements in managing its payables, bringing down the number of days to 47.93 from 86.25 days. This decrease suggests that the company is paying its suppliers more promptly in recent years.
However, it is worth noting that the number of days of payables has shown some volatility over the past five years, ranging from 47.93 days to 86.25 days. This variability may indicate shifts in the company's financial management strategies or changes in supplier relationships.
Overall, the decreasing trend in Regal Rexnord Corp's number of days of payables highlights an improvement in the efficiency of managing its accounts payable, which can have implications for the company's working capital management and relationships with suppliers.
Peer comparison
Dec 31, 2023