TE Connectivity Ltd (TEL)
Number of days of payables
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 7.19 | 7.49 | 7.87 | 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 | |
| Number of days of payables | days | 50.74 | 48.74 | 46.35 | 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 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.19
= 50.74
TE Connectivity Ltd's number of days of payables has shown some fluctuations over the past few quarters. As of September 30, 2024, the company is taking approximately 50.74 days to pay its suppliers, which indicates a slight increase compared to the previous quarter.
Looking back at the trend, we observe that the number of days of payables has generally been within the range of 40 to 60 days over the last few years, with some quarters showing a higher average number of days. This suggests that TE Connectivity Ltd has been managing its accounts payable effectively, balancing its payment obligations with its working capital requirements.
It is important to continue monitoring this ratio over time to ensure that the company maintains healthy relationships with its suppliers while also optimizing its cash flow management.
Peer comparison
Sep 30, 2024