TE Connectivity Ltd (TEL)
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 | 7.62 | 8.38 | 8.28 | 7.98 | 7.50 | 8.13 | 6.49 | 6.15 | 6.13 | 6.25 | 6.05 | 6.15 | 7.08 | 8.75 | 8.73 | 8.30 | 7.54 | 8.09 | 7.35 | 7.34 | |
| Number of days of payables | days | 47.88 | 43.56 | 44.11 | 45.74 | 48.69 | 44.90 | 56.25 | 59.40 | 59.56 | 58.37 | 60.33 | 59.33 | 51.58 | 41.70 | 41.79 | 43.95 | 48.38 | 45.11 | 49.64 | 49.72 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.62
= 47.88
TE Connectivity Ltd's number of days of payables has shown some fluctuation over the past five quarters. From Dec 31, 2019, to Dec 31, 2023, the number of days of payables ranged from a low of 41.70 days to a high of 60.33 days, indicating variability in the company's payment terms with suppliers. The average number of days of payables over this period is approximately 48.52 days.
In general, a higher number of days of payables suggests that TE Connectivity Ltd takes more time to pay its creditors, potentially indicating a more favorable liquidity position for the company. On the other hand, a lower number of days of payables could indicate a more aggressive approach to managing working capital or potential financial distress.
It's important to closely monitor this ratio over time to understand the company's payment behavior and its impact on cash flow and overall financial health.
Peer comparison
Dec 31, 2023