Gentherm Inc (THRM)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 5.79 | 6.17 | 6.12 | 7.29 | 6.87 | |
| Number of days of payables | days | 63.03 | 59.16 | 59.65 | 50.07 | 53.15 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.79
= 63.03
The number of days of payables for Gentherm Inc has shown some fluctuations over the past five years.
At the end of December 2020, the company took an average of 53.15 days to pay its suppliers. By the end of December 2021, this number decreased to 50.07 days, indicating a more efficient management of payables. However, by December 2022, the number of days of payables increased to 59.65 days, suggesting a potential delay in paying suppliers. This trend continued into December 2023 with an average of 59.16 days to settle payables.
Interestingly, by the end of December 2024, the number of days of payables increased significantly to 63.03 days, signifying a prolonged period before suppliers were paid.
Overall, while fluctuations in the number of days of payables are common for businesses, Gentherm Inc may need to evaluate its payables management processes to ensure timely payments to suppliers while also optimizing cash flow efficiency.
Peer comparison
Dec 31, 2024