Trimble Inc (TRMB)
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 | 18.08 | 15.17 | 14.95 | 15.83 | 15.46 | 12.43 | 11.34 | 9.04 | 7.84 | 8.13 | 8.42 | 9.10 | 9.76 | 10.67 | 10.95 | 10.16 | 9.36 | 9.56 | 10.13 | 11.53 | |
| Number of days of payables | days | 20.19 | 24.06 | 24.41 | 23.06 | 23.62 | 29.36 | 32.18 | 40.39 | 46.57 | 44.91 | 43.33 | 40.09 | 37.41 | 34.20 | 33.33 | 35.93 | 39.01 | 38.19 | 36.02 | 31.65 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 18.08
= 20.19
Trimble Inc's number of days of payables has shown some fluctuation over the past few years. As of December 31, 2023, the company takes approximately 20.19 days to pay its payables, which is a relatively efficient payment trend compared to previous periods. This indicates that Trimble is able to manage its accounts payable effectively and possibly negotiate favorable terms with its suppliers.
Looking back at historical data, there was a noticeable decrease in the number of days of payables from the third quarter of 2022 to the first quarter of 2023, suggesting a more efficient payment process during that period. However, there was a slight increase in the number of days of payables from the first quarter of 2023 to the third quarter of 2023.
Comparing the latest figure to the same period in the prior year, there has been a consistent improvement in the efficiency of payables management at Trimble, as the number of days to pay suppliers has decreased steadily. This trend may indicate better working capital management and cash flow optimization within the company.
Overall, Trimble Inc appears to be managing its payables effectively, as evidenced by the decreasing trend in the number of days of payables over the past few years, with the latest figure showing a particularly efficient payment cycle.
Peer comparison
Dec 31, 2023