Archer-Daniels-Midland Company (ADM)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 13.69 | 12.04 | 12.41 | 13.39 | 16.15 | |
| Number of days of payables | days | 26.66 | 30.30 | 29.42 | 27.26 | 22.60 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.69
= 26.66
Archer-Daniels-Midland Company's number of days of payables has shown a fluctuating trend over the past five years. As of December 31, 2023, the company takes approximately 26.66 days to pay its outstanding payables, which marks a decrease compared to the previous year. This suggests that the company has been efficient in managing its payables, possibly negotiating better payment terms with suppliers. However, it is essential to monitor this ratio carefully to ensure that the company maintains a balance between managing its cash flow effectively and maintaining positive relationships with its suppliers.
Peer comparison
Dec 31, 2023