Vontier Corp (VNT)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Payables turnover | 2.14 | 5.98 | 5.56 | 5.70 | |
| Number of days of payables | days | 170.55 | 61.02 | 65.61 | 64.04 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.14
= 170.55
The number of days of payables for Vontier Corporation has exhibited a fluctuating trend over the past five years. In 2023, the number of days of payables decreased to 80.46 days from 89.56 days in 2022, indicating that the company took fewer days to pay its outstanding obligations to suppliers. This may suggest improved efficiency in managing payables.
Comparing to 2021 and 2020, the number of days of payables remained relatively lower in 2023. However, it's worth noting that in 2021 and 2020, the number of days of payables was higher than in 2023, implying that Vontier Corporation had extended its payment period to suppliers during those years.
In 2019, the number of days of payables was at 73.54 days, lower than in 2023. This suggests that the company took fewer days to settle its payables to suppliers in 2019 compared to 2023.
Overall, the trend in the number of days of payables for Vontier Corporation reveals variability in the efficiency of managing its payables over the years, with fluctuations indicating changes in the company's payment practices.
Peer comparison
Dec 31, 2023