Gentherm Inc (THRM)
Number of days of payables
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 5.79 | 5.12 | 5.88 | 5.87 | 6.17 | 6.32 | 6.36 | 5.81 | 6.12 | 4.81 | 6.21 | 5.74 | 7.29 | 7.41 | 7.99 | 6.28 | 6.87 | 7.03 | 11.62 | 8.71 | |
| Number of days of payables | days | 63.01 | 71.33 | 62.11 | 62.22 | 59.16 | 57.72 | 57.42 | 62.88 | 59.65 | 75.93 | 58.75 | 63.55 | 50.07 | 49.29 | 45.69 | 58.10 | 53.15 | 51.95 | 31.41 | 41.89 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.79
= 63.01
The number of days of payables for Gentherm Inc has shown some variability over the periods analyzed. Typically, this ratio indicates how long a company takes to pay its suppliers.
From March 31, 2020, to December 31, 2022, the number of days of payables ranged from approximately 31 days to 63 days. There was a peak observed on September 30, 2022, at 75.93 days, indicating the company took longer to pay its suppliers during that period.
Following this peak, the number of days of payables decreased steadily to around 57 days by June 30, 2023, before experiencing a slight increase on September 30, 2024, at 71.33 days. The decrease followed by an increase could suggest changes in the company's payment practices.
Overall, while there have been fluctuations in the number of days of payables for Gentherm Inc, it is important to monitor this ratio over time to assess the company's payment efficiency and maintaining good relationships with suppliers.
Peer comparison
Dec 31, 2024