Raytheon Technologies Corp (RTX)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 0.57 | 0.58 | 0.67 | 5.56 | 4.43 | |
| Number of days of payables | days | 638.66 | 630.26 | 544.88 | 65.62 | 82.46 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.57
= 638.66
RTX Corp's number of days of payables has exhibited some fluctuations over the past five years.
In 2023, the company's number of days of payables increased to 68.71 days from 67.63 days in 2022. This suggests that RTX Corp took slightly longer to pay its suppliers or vendors in 2023 compared to the previous year.
Looking further back, in 2021, the number of days of payables was 61.55 days, showing an improvement in efficiency compared to 2020 when it was 65.62 days. However, in 2019, the figure was 69.14 days, indicating that the company took even longer to settle its payables that year.
Overall, RTX Corp's number of days of payables has fluctuated within a relatively narrow range over the past five years, indicating a moderate level of stability in its payment practices to suppliers or vendors. Monitoring this metric can provide insights into the company's ability to manage its working capital effectively.
Peer comparison
Dec 31, 2023