Revvity Inc. (RVTY)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.32 | 7.27 | 4.85 | 4.29 | 5.11 | |
| Number of days of payables | days | 43.85 | 50.22 | 75.33 | 85.06 | 71.42 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.32
= 43.85
The number of days of payables for Revvity Inc. has displayed fluctuating trends over the past five years. In December 2020, the company took approximately 71.42 days to pay off its payables on average. This number increased to 85.06 days by December 2021, suggesting a slower rate of paying its suppliers.
However, there was a notable improvement in efficiency by December 2022, as the number of days of payables decreased to 75.33 days. This improvement continued in December 2023, with the company taking only 50.22 days to settle its payables on average, indicating a more efficient payment process.
In the most recent period ending December 2024, Revvity Inc. further decreased its number of days of payables to 43.85 days. This suggests that the company has been managing its payables more effectively, potentially negotiating better payment terms with suppliers or improving internal processes related to payments.
Overall, the decreasing trend in the number of days of payables for Revvity Inc. indicates an improvement in managing its liabilities and cash flow, which could positively impact the company's financial health and liquidity position.
Peer comparison
Dec 31, 2024