SPX Corp (SPXC)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 12.78 | 10.63 | 9.37 | 13.89 | 10.03 | |
| Number of days of payables | days | 28.57 | 34.32 | 38.96 | 26.28 | 36.39 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.78
= 28.57
The number of days of payables for SPX Corp has fluctuated over the past five years. In 2023, the company took an average of 28.57 days to pay its suppliers, marking a decrease from the previous year when it took 34.32 days. This suggests that in 2023, SPX Corp was able to settle its payables more efficiently compared to 2022.
Looking further back, in 2021, the number of days of payables stood at 38.96 days, indicating a longer payment period than in 2023. In 2020, the number of days of payables was 26.28 days, showing a decrease from 2021, and suggesting that SPX Corp was managing its payables more effectively that year.
The longest payment period observed in the past five years was in 2019, with SPX Corp taking an average of 36.39 days to pay its suppliers. Overall, the trend in the number of days of payables for SPX Corp shows some variability, with fluctuations in payment efficiency over the years.
Peer comparison
Dec 31, 2023