Westinghouse Air Brake Technologies Corp (WAB)
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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 6.67 | 6.56 | 5.95 | 5.51 | 5.56 | 5.80 | 5.84 | 6.53 | 6.79 | 7.32 | 6.95 | 7.00 | 7.42 | 7.28 | 7.11 | 6.98 | 6.40 | 5.49 | 4.42 | 3.74 | |
| Number of days of payables | days | 54.69 | 55.66 | 61.34 | 66.19 | 65.61 | 62.90 | 62.51 | 55.87 | 53.76 | 49.83 | 52.51 | 52.13 | 49.18 | 50.15 | 51.33 | 52.26 | 57.07 | 66.53 | 82.60 | 97.67 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.67
= 54.69
Westinghouse Air Brake Technologies Corp's number of days of payables has shown some fluctuations over the past eight quarters. In Q4 2023, the company had 67.76 days of payables, which decreased slightly compared to the previous quarter. This indicates that the company took fewer days to pay its suppliers and vendors.
Looking at a longer trend, the number of days of payables has been relatively stable, ranging from 68.48 days to 82.05 days over the past two years. This suggests that Westinghouse Air Brake Technologies Corp has been effectively managing its payables and maintaining a consistent payment schedule.
However, in Q2 2023, there was a notable increase to 75.72 days, which could indicate a potential delay in payments during that period. It's important for the company to monitor and analyze such fluctuations to ensure efficient working capital management and strong supplier relationships. Overall, the trend in the number of days of payables for Westinghouse Air Brake Technologies Corp reflects a balance between timely payments and managing cash flow effectively.
Peer comparison
Dec 31, 2023