Vontier Corp (VNT)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 2.10 | 7.30 | 7.31 | 6.93 | 5.94 | 5.97 | — | — | 5.56 | ||||
| Number of days of payables | days | 174.03 | 50.03 | 49.92 | 52.68 | 61.49 | 61.14 | — | — | 65.61 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.10
= 174.03
The number of days of payables for Vontier Corporation has shown a fluctuating trend over the past eight quarters. In Q4 2023, the company had an average payment period of 80.46 days, indicating an increase from the previous quarter. This suggests that the company took slightly longer to pay its suppliers in Q4 2023 compared to Q3 2023, which had a payment period of 74.16 days.
Looking further back, the number of days of payables has varied, with values ranging from 73.62 days to 89.56 days over the past two years. In general, Vontier Corporation has maintained a payment period within the range of 73 to 89 days, indicating a relatively consistent approach to managing its payables.
Analyzing the trend over the past two years, there seems to be some seasonality or periodic fluctuations in the number of days of payables, but the overall pattern suggests that the company has been able to effectively manage its accounts payable in a consistent manner.
Peer comparison
Dec 31, 2023