Teledyne Technologies Incorporated (TDY)

Number of days of payables

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		11.13	9.38	9.25	8.50	8.98	9.26	9.59	9.11	8.69	8.17	7.50	10.46	11.50	12.28	11.05	10.35	9.93	10.73	11.60	11.18
Number of days of payables	days	32.79	38.91	39.48	42.97	40.64	39.40	38.07	40.05	41.99	44.68	48.66	34.90	31.75	29.73	33.02	35.27	36.76	34.03	31.47	32.65

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.13
= 32.79

Over the past eight quarters, Teledyne Technologies Inc has shown fluctuations in its number of days of payables, which reflects how long the company takes to pay its suppliers. The trend indicates that the number of days of payables has generally been decreasing, from 59.70 days in Q1 2022 to 43.93 days in Q4 2023. This downward trend suggests that Teledyne Technologies Inc has been managing its payables more efficiently over time, potentially negotiating better terms with suppliers or streamlining its payment processes. However, it's essential to monitor this ratio closely to ensure that the company maintains a balance between managing working capital effectively and maintaining good relations with its suppliers.