Vontier Corp (VNT)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 1.97 | 1.79 | 1.83 | 1.92 | 2.10 | 7.30 | 7.31 | 6.93 | 5.94 | 5.97 | — | — | 5.56 | |
| Number of days of payables | days | 184.87 | 203.81 | 199.15 | 189.80 | 174.03 | 50.03 | 49.92 | 52.68 | 61.49 | 61.14 | — | — | 65.61 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.97
= 184.87
The number of days of payables for Vontier Corp has shown fluctuations over the given period.
As of December 31, 2021, the company took approximately 65.61 days to pay its suppliers. This number remained relatively consistent until September 30, 2022, with the days of payables at 61.14 days.
However, there was a significant decrease in the number of days of payables by March 31, 2023, reaching 52.68 days, indicating that the company was paying its suppliers more quickly. This trend continued as of June 30, 2023 (49.92 days) and September 30, 2023 (50.03 days), suggesting improved efficiency in managing payables.
Unexpectedly though, by the end of December 31, 2023, the days of payables sharply rose to 174.03 days, and this trend worsened in the following periods, reaching 184.87 days by December 31, 2024.
This significant increase in the number of days of payables towards the end of the period may indicate potential liquidity issues or challenges in managing working capital effectively. It would be essential for Vontier Corp to analyze its payables turnover and cash flow management to address this extended payables period.
Peer comparison
Dec 31, 2024