Revvity Inc. (RVTY)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		7.27	4.85	4.29	5.11	6.31
Number of days of payables	days	50.22	75.33	85.06	71.42	57.87

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.27
= 50.22

The number of days of payables for Revvity Inc. has fluctuated over the past five years, ranging from a low of 57.87 days as of Dec 29, 2019, to a high of 75.33 days as of Jan 1, 2023.

The trend suggests that the company's management of payables has varied over the years, with the number of days it takes to pay its suppliers decreasing to 61.53 days as of Dec 31, 2023 from the high in 2023.

Analyzing the number of days of payables can provide insights into the company's working capital management and its relationships with suppliers. A lower number of days of payables may indicate that the company is paying its suppliers more quickly, which could be beneficial for maintaining good relationships but might also strain liquidity. On the other hand, a higher number of days of payables may suggest that the company is stretching out payments to manage cash flow more effectively, but could also potentially harm supplier relationships if not managed carefully.

Overall, monitoring the number of days of payables can help stakeholders assess the efficiency of Revvity Inc.'s payment practices and the impact on its financial performance.