Regal Beloit Corporation (RRX)
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 | 8.53 | 6.60 | 5.72 | 5.64 | 8.04 | 7.69 | 5.79 | 5.24 | 4.50 | 5.00 | 5.35 | 5.55 | 6.23 | 7.04 | 7.20 | 7.41 | 7.36 | 7.13 | 6.46 | 6.44 | |
| Number of days of payables | days | 42.78 | 55.30 | 63.76 | 64.70 | 45.40 | 47.46 | 63.03 | 69.62 | 81.17 | 73.05 | 68.29 | 65.72 | 58.56 | 51.85 | 50.67 | 49.26 | 49.60 | 51.19 | 56.48 | 56.71 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.53
= 42.78
Regal Rexnord Corp's number of days of payables has exhibited some fluctuations over the past eight quarters. In Q4 2023, the company had 47.93 days of payables, which decreased from 53.97 days in the previous quarter. This indicates that the company took fewer days to pay its suppliers in Q4 2023 compared to Q3 2023.
Compared to the same quarter in the previous year, Q4 2022, Regal Rexnord Corp's number of days of payables has also improved, as it decreased from 51.20 days to 47.93 days. This suggests that the company may have optimized its payables management process to operate more efficiently.
Overall, the downward trend in the number of days of payables over the recent quarters indicates that Regal Rexnord Corp has been managing its payables effectively and may be paying its suppliers more promptly. This can have implications for the company's cash flow management and relationships with suppliers. However, further analysis and context are needed to fully evaluate the impact of this trend on the company's financial performance and operations.
Peer comparison
Dec 31, 2023