Visteon Corp (VC)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.29 | 5.16 | 4.83 | 4.61 | 5.13 | |
| Number of days of payables | days | 58.01 | 70.78 | 75.64 | 79.24 | 71.16 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.29
= 58.01
The number of days of payables for Visteon Corp. has shown a decreasing trend over the past five years. In 2023, the company took an average of 58.01 days to pay its suppliers, which is a significant improvement from 2022 where it took 70.78 days. This indicates that Visteon Corp. has been managing its accounts payable more efficiently in the most recent year.
Comparing to 2021 and 2020, where the number of days of payables were 75.64 days and 79.24 days respectively, Visteon Corp. has shown a consistent effort in reducing the average number of days it takes to pay its payables. The improvement in managing payables can have positive implications on the company's cash flow and liquidity position.
Furthermore, when compared to 2019, where the number of days of payables was 71.16 days, there is also a slight improvement in the efficiency of managing payables in 2023.
Overall, the decreasing trend in the number of days of payables for Visteon Corp. suggests that the company has been effectively managing its payables and improving its working capital management over the years.
Peer comparison
Dec 31, 2023