Dentsply Sirona Inc (XRAY)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 13.37 | 17.72 | 6.83 | 11.75 | 12.53 | |
| Number of days of payables | days | 27.31 | 20.59 | 53.42 | 31.05 | 29.14 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.37
= 27.31
The number of days of payables for DENTSPLY Sirona Inc has shown fluctuations over the past five years. In 2023, the company took approximately 59.25 days to pay its outstanding liabilities, which is higher compared to the previous year at 56.73 days. This increase indicates that the company may be taking slightly longer to settle its payables obligations.
When comparing the current year to 2021, it is evident that the number of days of payables has increased significantly, from 50.76 days in 2021 to 59.25 days in 2023, suggesting a potential deterioration in the company's ability to manage its trade payables efficiently.
However, looking back to 2020 and 2019, the number of days of payables was higher in those years, at 66.07 days and 60.29 days respectively. This indicates that the company has improved its efficiency in managing payables compared to those years.
Overall, the trend in the number of days of payables for DENTSPLY Sirona Inc reveals some variability, with fluctuations suggesting changes in the company's payment practices and potentially its relationships with suppliers.
Peer comparison
Dec 31, 2023