Xylem Inc (XYL)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 4.80 | 4.76 | 5.04 | 5.35 | 5.37 | |
| Number of days of payables | days | 76.03 | 76.76 | 72.43 | 68.18 | 68.03 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.80
= 76.03
The number of days of payables for Xylem Inc has shown a fluctuating trend over the past five years. In 2023, the company took approximately 76.03 days to pay its payables, exhibiting a slight decrease compared to the previous year where it took 76.76 days. This suggests that Xylem Inc managed its payables slightly more efficiently in 2023.
Comparing to three years ago, in 2021, the number of days of payables was at 72.43 days, indicating a longer payment period. However, in 2020 and 2019, the company maintained a relatively consistent payment period of around 68 days, indicating consistent management of payables during those years.
Overall, Xylem Inc's number of days of payables has remained relatively stable over the past five years, with some variations seen in the recent years. It is important to continue monitoring this ratio to ensure the company effectively manages its payables to optimize its working capital and liquidity position.
Peer comparison
Dec 31, 2023