Stock Analysis on Net

Eaton Corp. plc (NYSE:ETN)

Analysis of Short-term (Operating) Activity Ratios 
Quarterly Data

Microsoft Excel

Short-term Activity Ratios (Summary)

Eaton Corp. plc, short-term (operating) activity ratios (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Turnover Ratios
Inventory turnover 3.64 3.66 3.81 3.85 3.95 3.93 3.93 3.94 4.04 3.95 3.87 4.03 4.48 4.73 4.86 5.12 5.88
Receivables turnover 5.39 5.04 4.97 5.06 5.18 5.07 5.01 5.05 5.09 5.28 5.15 5.39 5.95 5.75 5.72 5.79 6.15
Payables turnover 4.18 4.24 4.31 4.38 4.39 4.48 4.52 4.55 4.51 4.61 4.43 4.67 4.75 5.11 5.22 5.66 6.24
Working capital turnover 6.31 5.84 5.33 5.58 5.91 6.61 6.16 7.01 8.70 10.69 65.65 12.41 21.65 5.34 5.42
Average No. Days
Average inventory processing period 100 100 96 95 92 93 93 93 90 92 94 90 82 77 75 71 62
Add: Average receivable collection period 68 72 73 72 70 72 73 72 72 69 71 68 61 63 64 63 59
Operating cycle 168 172 169 167 162 165 166 165 162 161 165 158 143 140 139 134 121
Less: Average payables payment period 87 86 85 83 83 82 81 80 81 79 82 78 77 71 70 65 58
Cash conversion cycle 81 86 84 84 79 83 85 85 81 82 83 80 66 69 69 69 63

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Eaton Corp. plc inventory turnover ratio deteriorated from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
Receivables turnover An activity ratio equal to revenue divided by receivables. Eaton Corp. plc receivables turnover ratio improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Eaton Corp. plc payables turnover ratio decreased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Eaton Corp. plc working capital turnover ratio improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Eaton Corp. plc number of days of receivables outstanding improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
Operating cycle Equal to average inventory processing period plus average receivables collection period. Eaton Corp. plc operating cycle deteriorated from Q2 2024 to Q3 2024 but then improved from Q3 2024 to Q4 2024 exceeding Q2 2024 level.
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. Eaton Corp. plc number of days of payables outstanding increased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. Eaton Corp. plc cash conversion cycle deteriorated from Q2 2024 to Q3 2024 but then improved from Q3 2024 to Q4 2024 exceeding Q2 2024 level.

Inventory Turnover

Eaton Corp. plc, inventory turnover calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Selected Financial Data (US$ in millions)
Cost of products sold 3,811 3,899 3,940 3,725 3,732 3,684 3,747 3,599 3,546 3,545 3,505 3,269 3,226 3,338 3,545 3,184 3,178 3,051 2,877 3,302
Inventory 4,227 4,178 3,963 3,868 3,739 3,713 3,670 3,604 3,430 3,428 3,445 3,317 2,969 2,802 2,668 2,399 2,109 2,096 2,138 2,346
Short-term Activity Ratio
Inventory turnover1 3.64 3.66 3.81 3.85 3.95 3.93 3.93 3.94 4.04 3.95 3.87 4.03 4.48 4.73 4.86 5.12 5.88
Benchmarks
Inventory Turnover, Competitors2
Boeing Co. 0.78 0.85 0.78 0.82 0.88 0.87 0.88 0.83 0.81 0.78 0.74 0.74 0.75 0.77 0.76 0.74 0.78
Caterpillar Inc. 2.39 2.36 2.42 2.50 2.58 2.47 2.42 2.38 2.54 2.36 2.40 2.46 2.53 2.44 2.49 2.46 2.55
GE Aerospace 2.49 3.89 4.70 2.91 3.05 3.02 3.15 3.32 3.19 3.10 3.04 3.25 3.40 3.21 3.28 3.46 3.80
Honeywell International Inc. 3.70 3.73 3.69 3.65 3.72 3.76 3.82 3.90 4.04 4.09 4.06 4.20 4.55 4.72 4.88 4.85 4.94
Lockheed Martin Corp. 18.46 19.41 20.21 18.67 18.87 17.88 16.82 16.63 18.68 18.09 16.20 18.12 19.45 19.81 18.64 17.58 16.01
RTX Corp. 5.12 4.74 4.64 4.76 4.83 4.60 4.68 4.81 5.03 5.03 5.14 5.33 5.65 5.57 5.49 5.48 5.11

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
Inventory turnover = (Cost of products soldQ4 2024 + Cost of products soldQ3 2024 + Cost of products soldQ2 2024 + Cost of products soldQ1 2024) ÷ Inventory
= (3,811 + 3,899 + 3,940 + 3,725) ÷ 4,227 = 3.64

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Eaton Corp. plc inventory turnover ratio deteriorated from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Receivables Turnover

Eaton Corp. plc, receivables turnover calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Selected Financial Data (US$ in millions)
Net sales 6,240 6,345 6,350 5,943 5,967 5,880 5,866 5,483 5,384 5,313 5,212 4,843 4,798 4,923 5,215 4,692 4,687 4,526 3,856 4,789
Accounts receivable, net 4,619 4,886 4,861 4,674 4,475 4,460 4,399 4,239 4,076 3,816 3,837 3,667 3,297 3,393 3,341 3,065 2,904 2,876 2,647 2,951
Short-term Activity Ratio
Receivables turnover1 5.39 5.04 4.97 5.06 5.18 5.07 5.01 5.05 5.09 5.28 5.15 5.39 5.95 5.75 5.72 5.79 6.15
Benchmarks
Receivables Turnover, Competitors2
Boeing Co. 25.28 25.33 23.31 25.83 29.37 24.99 24.99 24.65 26.46 22.98 20.27 25.37 23.58 27.95 24.76 23.97 29.75
Caterpillar Inc. 6.61 6.85 6.69 6.86 6.86 6.95 6.56 6.37 6.39 6.59 6.10 5.46 5.68 5.97 5.51 5.07 5.33
GE Aerospace 3.77 5.69 6.98 4.37 4.17 4.61 4.67 5.00 4.09 4.19 4.39 4.43 4.55 4.83 4.74 4.59 4.37
Honeywell International Inc. 4.92 4.80 4.81 4.94 4.87 4.65 4.52 4.57 4.77 4.74 4.45 4.82 5.04 4.78 4.89 4.89 4.78
Lockheed Martin Corp. 30.22 33.30 24.26 30.86 31.69 28.14 19.67 25.61 26.34 26.06 18.87 26.02 34.15 29.27 25.59 29.81 33.06
RTX Corp. 7.36 7.83 7.06 6.91 6.36 6.67 7.13 6.81 7.36 7.15 6.28 7.15 6.66 6.69 6.99 6.03 6.11

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
Receivables turnover = (Net salesQ4 2024 + Net salesQ3 2024 + Net salesQ2 2024 + Net salesQ1 2024) ÷ Accounts receivable, net
= (6,240 + 6,345 + 6,350 + 5,943) ÷ 4,619 = 5.39

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Eaton Corp. plc receivables turnover ratio improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Payables Turnover

Eaton Corp. plc, payables turnover calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Selected Financial Data (US$ in millions)
Cost of products sold 3,811 3,899 3,940 3,725 3,732 3,684 3,747 3,599 3,546 3,545 3,505 3,269 3,226 3,338 3,545 3,184 3,178 3,051 2,877 3,302
Accounts payable 3,678 3,609 3,497 3,400 3,365 3,255 3,192 3,118 3,072 2,937 3,013 2,867 2,797 2,591 2,484 2,172 1,987 1,788 1,620 1,785
Short-term Activity Ratio
Payables turnover1 4.18 4.24 4.31 4.38 4.39 4.48 4.52 4.55 4.51 4.61 4.43 4.67 4.75 5.11 5.22 5.66 6.24
Benchmarks
Payables Turnover, Competitors2
Boeing Co. 6.03 5.79 5.61 5.92 5.86 6.18 6.28 6.37 6.18 6.36 6.17 6.73 6.40 6.20 5.45 4.90 4.94
Caterpillar Inc. 5.24 5.31 5.47 5.44 5.41 5.54 5.09 4.68 4.76 4.81 4.72 4.43 4.36 4.61 4.57 4.46 4.75
GE Aerospace 3.07 4.83 5.77 3.38 3.27 3.26 3.41 3.57 2.98 3.14 3.14 3.32 3.32 3.33 3.35 3.56 3.67
Honeywell International Inc. 3.46 3.56 3.60 3.57 3.36 3.51 3.49 3.50 3.53 3.68 3.63 3.66 3.61 3.83 3.76 3.86 3.86
Lockheed Martin Corp. 28.85 19.48 19.07 17.38 25.56 15.51 16.97 17.65 27.25 21.48 24.07 21.92 74.34 37.83 36.15 30.31 64.48
RTX Corp. 5.07 5.40 5.54 5.60 5.31 5.37 5.54 5.42 5.40 5.82 5.36 6.28 5.93 6.06 6.52 5.67 5.56

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
Payables turnover = (Cost of products soldQ4 2024 + Cost of products soldQ3 2024 + Cost of products soldQ2 2024 + Cost of products soldQ1 2024) ÷ Accounts payable
= (3,811 + 3,899 + 3,940 + 3,725) ÷ 3,678 = 4.18

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Eaton Corp. plc payables turnover ratio decreased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Working Capital Turnover

Eaton Corp. plc, working capital turnover calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Selected Financial Data (US$ in millions)
Current assets 11,801 12,152 12,652 11,853 11,675 10,983 10,303 9,138 8,746 8,540 8,687 8,194 7,511 7,487 9,789 9,905 9,178 8,671 8,213 8,670
Less: Current liabilities 7,857 7,941 8,120 7,613 7,747 7,563 6,725 6,087 6,360 6,653 8,974 8,256 7,212 5,914 8,906 6,581 5,881 5,805 5,489 4,944
Working capital 3,944 4,211 4,532 4,240 3,928 3,420 3,578 3,051 2,386 1,887 (287) (62) 299 1,573 883 3,324 3,297 2,866 2,724 3,726
 
Net sales 6,240 6,345 6,350 5,943 5,967 5,880 5,866 5,483 5,384 5,313 5,212 4,843 4,798 4,923 5,215 4,692 4,687 4,526 3,856 4,789
Short-term Activity Ratio
Working capital turnover1 6.31 5.84 5.33 5.58 5.91 6.61 6.16 7.01 8.70 10.69 65.65 12.41 21.65 5.34 5.42
Benchmarks
Working Capital Turnover, Competitors2
Boeing Co. 2.15 6.04 4.13 5.76 5.78 5.46 4.80 4.61 3.42 3.13 2.87 2.51 2.34 2.02 2.00 1.88 1.69
Caterpillar Inc. 4.58 4.89 6.61 5.64 5.23 4.27 5.29 4.25 4.62 4.35 3.93 3.83 3.54 2.87 2.80 2.52 2.84
GE Aerospace 10.83 11.16 12.69 7.77 7.24 8.11 5.70 5.87 7.93 13.29 10.55 7.14 4.94 1.57 1.57 1.27 2.26
Honeywell International Inc. 5.79 4.39 8.63 3.37 7.39 5.98 5.16 7.79 7.03 7.91 8.84 8.07 5.86 5.94 4.52 4.27 3.64
Lockheed Martin Corp. 29.25 13.20 15.88 13.24 18.85 11.04 10.56 12.81 12.93 14.03 14.28 15.14 11.52 10.48 12.30 11.93 12.01
RTX Corp. 23.64 41.62 44.25 16.99 12.76 20.15 19.15 17.77 11.41 9.75 8.11 10.24 9.77 7.52

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
Working capital turnover = (Net salesQ4 2024 + Net salesQ3 2024 + Net salesQ2 2024 + Net salesQ1 2024) ÷ Working capital
= (6,240 + 6,345 + 6,350 + 5,943) ÷ 3,944 = 6.31

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. Eaton Corp. plc working capital turnover ratio improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Average Inventory Processing Period

Eaton Corp. plc, average inventory processing period calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Selected Financial Data
Inventory turnover 3.64 3.66 3.81 3.85 3.95 3.93 3.93 3.94 4.04 3.95 3.87 4.03 4.48 4.73 4.86 5.12 5.88
Short-term Activity Ratio (no. days)
Average inventory processing period1 100 100 96 95 92 93 93 93 90 92 94 90 82 77 75 71 62
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Boeing Co. 466 428 470 443 415 419 416 438 452 468 494 493 486 475 478 496 467
Caterpillar Inc. 153 155 151 146 141 148 151 154 144 155 152 148 144 150 146 149 143
GE Aerospace 147 94 78 125 120 121 116 110 114 118 120 112 107 114 111 105 96
Honeywell International Inc. 99 98 99 100 98 97 96 94 90 89 90 87 80 77 75 75 74
Lockheed Martin Corp. 20 19 18 20 19 20 22 22 20 20 23 20 19 18 20 21 23
RTX Corp. 71 77 79 77 76 79 78 76 73 73 71 69 65 65 66 67 71

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 3.64 = 100

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period.

Average Receivable Collection Period

Eaton Corp. plc, average receivable collection period calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Selected Financial Data
Receivables turnover 5.39 5.04 4.97 5.06 5.18 5.07 5.01 5.05 5.09 5.28 5.15 5.39 5.95 5.75 5.72 5.79 6.15
Short-term Activity Ratio (no. days)
Average receivable collection period1 68 72 73 72 70 72 73 72 72 69 71 68 61 63 64 63 59
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Boeing Co. 14 14 16 14 12 15 15 15 14 16 18 14 15 13 15 15 12
Caterpillar Inc. 55 53 55 53 53 53 56 57 57 55 60 67 64 61 66 72 68
GE Aerospace 97 64 52 83 87 79 78 73 89 87 83 82 80 76 77 80 83
Honeywell International Inc. 74 76 76 74 75 79 81 80 77 77 82 76 72 76 75 75 76
Lockheed Martin Corp. 12 11 15 12 12 13 19 14 14 14 19 14 11 12 14 12 11
RTX Corp. 50 47 52 53 57 55 51 54 50 51 58 51 55 55 52 61 60

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 5.39 = 68

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Eaton Corp. plc number of days of receivables outstanding improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Operating Cycle

Eaton Corp. plc, operating cycle calculation (quarterly data)

No. days

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Selected Financial Data
Average inventory processing period 100 100 96 95 92 93 93 93 90 92 94 90 82 77 75 71 62
Average receivable collection period 68 72 73 72 70 72 73 72 72 69 71 68 61 63 64 63 59
Short-term Activity Ratio
Operating cycle1 168 172 169 167 162 165 166 165 162 161 165 158 143 140 139 134 121
Benchmarks
Operating Cycle, Competitors2
Boeing Co. 480 442 486 457 427 434 431 453 466 484 512 507 501 488 493 511 479
Caterpillar Inc. 208 208 206 199 194 201 207 211 201 210 212 215 208 211 212 221 211
GE Aerospace 244 158 130 208 207 200 194 183 203 205 203 194 187 190 188 185 179
Honeywell International Inc. 173 174 175 174 173 176 177 174 167 166 172 163 152 153 150 150 150
Lockheed Martin Corp. 32 30 33 32 31 33 41 36 34 34 42 34 30 30 34 33 34
RTX Corp. 121 124 131 130 133 134 129 130 123 124 129 120 120 120 118 128 131

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 100 + 68 = 168

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Operating cycle Equal to average inventory processing period plus average receivables collection period. Eaton Corp. plc operating cycle deteriorated from Q2 2024 to Q3 2024 but then improved from Q3 2024 to Q4 2024 exceeding Q2 2024 level.

Average Payables Payment Period

Eaton Corp. plc, average payables payment period calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Selected Financial Data
Payables turnover 4.18 4.24 4.31 4.38 4.39 4.48 4.52 4.55 4.51 4.61 4.43 4.67 4.75 5.11 5.22 5.66 6.24
Short-term Activity Ratio (no. days)
Average payables payment period1 87 86 85 83 83 82 81 80 81 79 82 78 77 71 70 65 58
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Boeing Co. 61 63 65 62 62 59 58 57 59 57 59 54 57 59 67 74 74
Caterpillar Inc. 70 69 67 67 67 66 72 78 77 76 77 82 84 79 80 82 77
GE Aerospace 119 76 63 108 112 112 107 102 123 116 116 110 110 109 109 103 100
Honeywell International Inc. 105 103 101 102 109 104 105 104 103 99 101 100 101 95 97 95 95
Lockheed Martin Corp. 13 19 19 21 14 24 22 21 13 17 15 17 5 10 10 12 6
RTX Corp. 72 68 66 65 69 68 66 67 68 63 68 58 62 60 56 64 66

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 4.18 = 87

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. Eaton Corp. plc number of days of payables outstanding increased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Cash Conversion Cycle

Eaton Corp. plc, cash conversion cycle calculation (quarterly data)

No. days

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Selected Financial Data
Average inventory processing period 100 100 96 95 92 93 93 93 90 92 94 90 82 77 75 71 62
Average receivable collection period 68 72 73 72 70 72 73 72 72 69 71 68 61 63 64 63 59
Average payables payment period 87 86 85 83 83 82 81 80 81 79 82 78 77 71 70 65 58
Short-term Activity Ratio
Cash conversion cycle1 81 86 84 84 79 83 85 85 81 82 83 80 66 69 69 69 63
Benchmarks
Cash Conversion Cycle, Competitors2
Boeing Co. 419 379 421 395 365 375 373 396 407 427 453 453 444 429 426 437 405
Caterpillar Inc. 138 139 139 132 127 135 135 133 124 134 135 133 124 132 132 139 134
GE Aerospace 125 82 67 100 95 88 87 81 80 89 87 84 77 81 79 82 79
Honeywell International Inc. 68 71 74 72 64 72 72 70 64 67 71 63 51 58 53 55 55
Lockheed Martin Corp. 19 11 14 11 17 9 19 15 21 17 27 17 25 20 24 21 28
RTX Corp. 49 56 65 65 64 66 63 63 55 61 61 62 58 60 62 64 65

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 100 + 6887 = 81

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. Eaton Corp. plc cash conversion cycle deteriorated from Q2 2024 to Q3 2024 but then improved from Q3 2024 to Q4 2024 exceeding Q2 2024 level.