Vontier Corp (VNT)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 2.03 | 2.14 | 5.98 | 5.56 | 5.70 | |
| Number of days of payables | days | 179.58 | 170.55 | 61.02 | 65.61 | 64.04 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.03
= 179.58
The number of days of payables for Vontier Corp has shown a fluctuating trend over the years. It was 64.04 days as of December 31, 2020, slightly increasing to 65.61 days by December 31, 2021. However, there was a notable decrease to 61.02 days by December 31, 2022.
Interestingly, there was a significant spike in the number of days of payables to 170.55 days as of December 31, 2023, and a further increase to 179.58 days by December 31, 2024. This substantial increase in payables days in 2023 and 2024 could indicate a delay in settling accounts payable, which might have implications for the company's cash flow management.
Overall, it is worth investigating the reasons behind the sharp increase in payables days in 2023 and 2024 to assess the impact on Vontier Corp's financial health and working capital management.
Peer comparison
Dec 31, 2024