Textron Inc (TXT)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | — | — | — | — | |
| Number of days of payables | days | — | — | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
To analyze Textron Inc's number of days of payables, we would need the specific figures for each year from the table provided. The number of days of payables is a key metric that indicates how long, on average, it takes for a company to pay its creditors. A lower number of days of payables typically suggests that the company is paying its suppliers more quickly, while a higher number indicates a longer payment period.
By comparing the number of days of payables over multiple years, we can identify trends in Textron Inc's payment practices and liquidity management. A consistent increase in the number of days of payables could indicate that the company is stretching out its payables to improve cash flow, but it may also reflect strained relationships with suppliers. On the other hand, a significant decrease in this metric could signal more efficient working capital management or negotiated better payment terms with vendors.
Without the specific data for Textron Inc's number of days of payables for each year, we are unable to provide a detailed analysis of this ratio. It is essential to have accurate and complete information to assess the company's financial performance and operational efficiency effectively.
Peer comparison
Dec 31, 2023