Waters Corporation (WAT)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 24.49 | 21.12 | 19.04 | 22.49 | 32.58 | |
| Number of days of payables | days | 14.90 | 17.28 | 19.17 | 16.23 | 11.20 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 24.49
= 14.90
The number of days of payables for Waters Corp. has exhibited some fluctuation over the past five years. In 2023, the number of days of payables decreased to 25.87 days from 27.28 days in 2022, indicating that the company took fewer days to pay its suppliers. This improvement suggests that Waters Corp. may have optimized its payment processes or negotiated more favorable payment terms with its suppliers.
Comparing to previous years, the number of days of payables in 2021 increased to 30.55 days from 26.18 days in 2020. This suggests that the company took longer to settle its payables in 2021, possibly indicating a delay in payment processing or a change in supplier relationships.
In 2019, the number of days of payables was at its lowest at 17.70 days, indicating that Waters Corp. was able to manage its payables efficiently and settle its liabilities quickly.
Overall, the trend in the number of days of payables for Waters Corp. shows some variability, with fluctuations in the company's payment practices over the years. It is important for investors and stakeholders to monitor this metric to assess the company's liquidity position and management of working capital.
Peer comparison
Dec 31, 2023