Stanley Black & Decker Inc (SWK)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.13 | 5.40 | 2.98 | 3.60 | 3.88 | |
| Number of days of payables | days | 51.20 | 67.57 | 122.64 | 101.48 | 93.99 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.13
= 51.20
The number of days of payables for Stanley Black & Decker Inc has shown a decreasing trend over the past five years. As of December 31, 2023, the company takes approximately 51.20 days to pay its suppliers, a significant improvement compared to the 67.57 days in 2022, 122.64 days in 2021, 101.48 days in 2020, and 93.99 days in 2019.
This decline in the number of days of payables indicates that Stanley Black & Decker Inc has been managing its payables more efficiently, potentially negotiating better payment terms with its suppliers or optimizing its working capital management. A lower number of days of payables can also suggest improved liquidity or stronger cash flow management within the company.
Overall, the decreasing trend in the number of days of payables is a positive indicator of the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2023