Westinghouse Air Brake Technologies Corp (WAB)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.76 | 5.63 | 6.89 | 7.53 | 6.47 | |
| Number of days of payables | days | 53.98 | 64.78 | 52.97 | 48.50 | 56.41 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.76
= 53.98
Westinghouse Air Brake Technologies Corp's number of days of payables has shown fluctuations over the past five years. In 2023, the company reported 67.76 days of payables, a decrease from the previous year (81.56 days in 2022). This suggests that the company took fewer days to settle its payables in 2023 compared to 2022.
Comparing 2023 to the years prior, the number of days of payables is relatively consistent. In 2021, it was similar at 67.74 days, in 2020 it was slightly lower at 61.25 days, and in 2019 it was slightly higher at 71.34 days.
Overall, this trend indicates that Westinghouse Air Brake Technologies Corp has effectively managed the time it takes to pay its bills in recent years, although there was a spike in 2022 that may warrant further investigation. This metric is important as it reflects the efficiency of the company in managing its working capital and relationships with suppliers.
Peer comparison
Dec 31, 2023