Visteon Corp (VC)

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		6.68	6.34	6.77	6.12	5.46	5.17	6.10	5.18	5.21	6.40	6.29	5.00	4.61	4.54	6.76	5.75	5.13	5.64	5.74	5.82
Number of days of payables	days	54.67	57.58	53.92	59.62	66.85	70.61	59.82	70.46	70.10	57.02	58.05	72.97	79.24	80.32	54.00	63.52	71.16	64.74	63.53	62.76

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.68
= 54.67

The number of days of payables for Visteon Corp. has shown a decreasing trend over the past two quarters, with 58.01 days in Q4 2023 and 61.06 days in Q3 2023. This indicates that the company is taking fewer days to pay its suppliers compared to the previous quarters.

However, when compared to the same quarter in the previous year, the number of days of payables has decreased significantly from 70.78 days in Q4 2022 to 58.01 days in Q4 2023. This suggests that Visteon Corp. has been managing its payables more efficiently and may have improved its liquidity position by extending payment terms with suppliers.

Overall, a lower number of days of payables indicates that the company is more efficient in managing its accounts payable, potentially freeing up cash for other uses or signaling improved relationships with suppliers. This trend is positive for Visteon Corp. and may positively impact its financial health and performance.