Alcoa Corp (AA)
Number of days of payables
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 5.95 | 7.06 | 7.09 | 7.27 | 6.03 | 5.92 | 5.18 | 5.15 | 5.13 | 5.74 | 5.91 | 6.22 | 5.63 | 6.91 | 7.60 | 5.97 | 3.86 | 1.97 | 0.53 | 0.69 | |
| Number of days of payables | days | 61.33 | 51.72 | 51.46 | 50.19 | 60.53 | 61.63 | 70.43 | 70.88 | 71.13 | 63.56 | 61.77 | 58.64 | 64.80 | 52.85 | 48.04 | 61.18 | 94.60 | 185.31 | 686.29 | 529.02 |
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 some fluctuations over the past eight quarters. In Q4 2023, the number of days of payables was 63.75 days, which increased from the previous quarter's 53.81 days in Q3 2023. Comparing with the same quarter in the previous year, there was a slight decrease from 62.80 days in Q4 2022.
Overall, the number of days of payables has been relatively stable over the quarters, typically ranging between 50 to 70 days. This indicates that Alcoa Corp takes approximately two to three months to pay its suppliers and vendors on average. It is essential to monitor this ratio closely to assess the company's liquidity management and relationships with suppliers.
Peer comparison
Dec 31, 2023