Sensata Technologies Holding NV (ST)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 5.79 | 5.10 | 5.54 | 5.38 | 6.01 | |
| Number of days of payables | days | 63.03 | 71.54 | 65.91 | 67.85 | 60.68 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.79
= 63.03
The number of days of payables for Sensata Technologies Holding Plc has shown some fluctuation over the past five years. In 2023, the company had 63.03 days of payables, which indicates that, on average, it takes around 63 days for the company to pay off its trade payables. This is a decrease from 71.54 days in 2022.
Comparing to previous years, the number of days of payables was 65.91 days in 2021, 67.85 days in 2020, and 60.68 days in 2019. Despite the fluctuations, the trend generally shows that Sensata Technologies Holding Plc has been able to manage its payables efficiently over the years.
A decrease in the number of days of payables may suggest that the company is paying its suppliers more quickly, which could be a sign of improved liquidity or negotiating power. However, it's important to consider the reasons behind these changes and analyze them in conjunction with other financial metrics to get a comprehensive view of the company's financial health.
Peer comparison
Dec 31, 2023