Watts Water Technologies Inc (WTS)
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 | 13.06 | 13.92 | 10.98 | 11.08 | 12.51 | 12.58 | 9.85 | 10.34 | 11.05 | 10.04 | 9.44 | 9.62 | 12.19 | 13.47 | 13.12 | 11.99 | 11.52 | 13.77 | 12.44 | 12.83 | |
| Number of days of payables | days | 27.95 | 26.22 | 33.25 | 32.95 | 29.17 | 29.03 | 37.06 | 35.28 | 33.03 | 36.34 | 38.68 | 37.95 | 29.94 | 27.10 | 27.82 | 30.44 | 31.70 | 26.51 | 29.33 | 28.46 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.06
= 27.95
The number of days of payables for Watts Water Technologies, Inc. has shown some fluctuations over the past eight quarters. In Q4 2023, the company had 43.92 days of payables, which was slightly higher than in the previous quarter but lower compared to Q2 and Q1 of the same year. This indicates that the company took nearly 44 days on average to pay off its accounts payable during the most recent quarter.
Looking back at the trend, the number of days of payables has been relatively stable, ranging between 40 to 55 days over the past two years. It is essential to note that a lower number of days of payables may suggest that the company is managing its payables efficiently or negotiating favorable payment terms with its suppliers.
On the other hand, a significant increase in the number of days of payables could indicate cash flow issues or difficulties in meeting financial obligations promptly. Overall, while the specific analysis may vary based on industry benchmarks and company-specific factors, monitoring changes in the number of days of payables can provide insights into the company's liquidity management and supplier relationships.
Peer comparison
Dec 31, 2023