Teledyne Technologies Incorporated (TDY)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		12.27	9.11	8.95	11.75	10.24
Number of days of payables	days	29.75	40.08	40.79	31.06	35.65

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.27
= 29.75

Teledyne Technologies Inc's number of days of payables has shown fluctuations over the past five years. As of December 31, 2023, the company's number of days of payables was 43.93 days, indicating that, on average, it takes approximately 43.93 days for Teledyne to pay its outstanding accounts payable. This figure is lower compared to the previous year, as on January 1, 2023, the number of days of payables was 59.00 days.

In general, a lower number of days of payables reflects a faster turnover of accounts payable, suggesting that Teledyne is managing its payables more efficiently. However, it is essential to consider the company's industry norms and operational dynamics when evaluating this metric. The fluctuation in the number of days of payables may be influenced by various factors, such as changes in payment terms, economic conditions, and supplier relationships.

Comparing the current number of days of payables with historical data, Teledyne's payables turnover improved from 2022 to 2023. This improvement may indicate enhanced liquidity management, tighter control over working capital, or optimized cash flow practices. Monitoring changes in the number of days of payables over time can provide insights into Teledyne's financial and operational performance, as well as its relationships with suppliers and creditors.