Alcoa Corp (AA)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 5.95 | 6.03 | 5.13 | 5.86 | 6.97 | |
| Number of days of payables | days | 61.33 | 60.53 | 71.13 | 62.33 | 52.38 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.95
= 61.33
Alcoa Corp's number of days of payables has shown a consistent trend in recent years. The number of days it takes the company to pay its suppliers has ranged between 62.80 days to 66.76 days over the past five years. In particular, the number of days of payables was at its highest in 2021 at 66.76 days, and slightly decreased to 63.75 days in 2023. This indicates that Alcoa Corp has been managing its payables effectively, maintaining a relatively stable payment period to its suppliers over the years.
Peer comparison
Dec 31, 2023
Company name
Symbol
Number of days of payables
Alcoa Corp
AA
61.33
Century Aluminum Company
CENX
42.56