Trane Technologies plc (TT)
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 | 1.75 | 2.00 | 1.83 | 1.76 | 1.55 | 1.76 | 1.51 | 1.50 | 1.29 | 1.78 | 1.59 | 1.49 | 1.44 | 6.76 | 6.37 | 6.97 | 7.26 | 8.22 | 9.36 | 9.66 | |
| Number of days of payables | days | 208.47 | 182.88 | 199.80 | 207.89 | 235.16 | 206.86 | 242.05 | 243.91 | 283.36 | 205.02 | 229.44 | 245.16 | 253.85 | 53.97 | 57.29 | 52.36 | 50.27 | 44.39 | 39.00 | 37.78 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.75
= 208.47
Trane Technologies plc's number of days of payables has shown fluctuations over the years, indicating changes in the company's ability to manage its payables effectively.
The number of days of payables increased from 37.78 days as of March 31, 2020, to a peak of 283.36 days by December 31, 2022, before decreasing to 208.47 days by December 31, 2024. This significant increase and subsequent decrease suggest fluctuations in the company's payment terms and management of supplier obligations.
Overall, Trane Technologies plc's number of days of payables has demonstrated variability, requiring a closer examination of the company's accounts payable policies and practices to understand the reasons behind these fluctuations and their potential impact on the company's financial health and working capital management.
See also:
Trane Technologies plc Average Payables Payment Period (Quarterly Data)