TE Connectivity Ltd (TEL)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.19 | 8.38 | 8.13 | 6.25 | 8.75 | |
| Number of days of payables | days | 50.74 | 43.56 | 44.90 | 58.37 | 41.70 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.19
= 50.74
The number of days of payables for TE Connectivity Ltd has fluctuated over the past five years. In Fiscal Year 2024, the company took approximately 50.74 days to pay its suppliers, representing an increase from the previous year. This indicates that TE Connectivity is taking longer to settle its payables compared to the prior fiscal year.
In Fiscal Year 2023 and Fiscal Year 2022, TE Connectivity's number of days of payables were 43.56 days and 44.90 days respectively, showing a relatively stable trend in the company's payment practices during those years.
However, in Fiscal Year 2021, the number of days of payables increased significantly to 58.37 days, indicating that TE Connectivity took longer to pay its suppliers compared to the previous and subsequent years. This suggests potential liquidity challenges or changes in payment terms that affected the company's ability to settle its obligations promptly.
In Fiscal Year 2020, the number of days of payables was 41.70 days, showing a shorter payment period compared to the following years. This may indicate that TE Connectivity managed its payables more efficiently during that period.
Overall, the fluctuation in TE Connectivity Ltd's number of days of payables suggests variations in the company's working capital management and vendor relationships over the past five years. An increasing trend in the number of days of payables may warrant further analysis to understand the reasons behind the changes and the potential impact on the company's financial health and cash flow management.
Peer comparison
Sep 30, 2024