Timken Company (TKR)
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 | 11.20 | 9.62 | 8.46 | 8.28 | 7.73 | 8.30 | 7.58 | 7.05 | 6.64 | 7.00 | 6.99 | 6.83 | 6.84 | 7.92 | 9.24 | 8.89 | 8.82 | 9.99 | 8.99 | 8.66 | |
| Number of days of payables | days | 32.59 | 37.96 | 43.13 | 44.08 | 47.22 | 43.97 | 48.18 | 51.79 | 55.00 | 52.11 | 52.20 | 53.44 | 53.34 | 46.09 | 39.51 | 41.07 | 41.36 | 36.53 | 40.60 | 42.16 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.20
= 32.59
The number of days of payables for Timken Co. has fluctuated over the past eight quarters. In Q4 2023, the company had 41.11 days of payables, which was slightly higher than the previous quarter but lower than the same quarter in the previous year. This indicates that the company is taking slightly longer to pay its suppliers compared to the previous quarter.
Overall, the trend in the number of days of payables seems to have some volatility, with fluctuations seen in different quarters. However, it is essential to monitor this ratio closely, as a significant increase in the number of days of payables could signal potential liquidity issues or strained relationships with suppliers. Further analysis of the company's cash flow, working capital management, and procurement practices would provide a more comprehensive understanding of its payables management.
Peer comparison
Dec 31, 2023