Allegion PLC

NYSE ALLE

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Allegion PLC Accounts Payable Turnover Ratio for the year ending December 31, 2023: 14.08

Allegion PLC Accounts Payable Turnover Ratio is 14.08 for the year ending December 31, 2023, a 20.84% change year over year. The accounts payable turnover ratio measures the number of times a company pays off its accounts payable during a specific period. It is calculated by dividing the company's revenue by its accounts payable. This ratio indicates how efficiently a company manages its outstanding payments to suppliers and vendors. A higher turnover ratio suggests that the company is paying off its obligations quickly, while a lower ratio may indicate a slower payment process or potential liquidity issues.
  • Allegion PLC Accounts Payable Turnover Ratio for the year ending December 31, 2022 was 11.66, a 5.33% change year over year.
  • Allegion PLC Accounts Payable Turnover Ratio for the year ending December 31, 2021 was 11.07, a -10.32% change year over year.
  • Allegion PLC Accounts Payable Turnover Ratio for the year ending December 31, 2020 was 12.34, a -4.44% change year over year.
  • Allegion PLC Accounts Payable Turnover Ratio for the year ending December 31, 2019 was 12.91, a 11.10% change year over year.
NYSE: ALLE

Allegion PLC

CEO Mr. Jeffrey N. Braun
IPO Date Nov. 18, 2013
Location Ireland
Headquarters Iveagh Court, Dublin, Ireland, D02 VH94
Employees 12,200
Sector Industrials
Industry Security & protection services
Description

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door controls and systems and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors, accessories, and other. It also provides services and software, which includes inspection, maintenance, and repair services for its automatic entrance solutions; and software as a service, including access control, IoT integration, and workforce management solutions, as well as aftermarket services, design and installation offerings, and locksmith services. The company sells its products and solutions to end-users in commercial, institutional, and residential facilities, including education, healthcare, government, hospitality, retail, commercial office, and single and multi-family residential markets under the CISA, Interflex, LCN, Schlage, SimonsVoss, and Von Duprin brands. It sells its products and solutions through distribution and retail channels, such as specialty distribution, e-commerce, and wholesalers, as well as through various retail channels comprising do-it-yourself home improvement centers, online and e-commerce platforms, and small specialty showroom outlets. Allegion plc was incorporated in 2013 and is headquartered in Dublin, Ireland.

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StockViz Staff

September 20, 2024

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