Albemarle Corp (ALB)

Number of days of payables

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Payables turnover		—	—	2.77	3.88	4.42
Number of days of payables	days	—	—	131.85	94.07	82.65

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —

Albemarle Corp's number of days of payables has shown a fluctuating trend over the years based on the available data.

As of December 31, 2020, the company had an average payable period of 82.65 days, which increased to 94.07 days by December 31, 2021. This indicates that the company took slightly longer to pay off its creditors in 2021 compared to the previous year.

However, there was a significant jump in the number of days of payables to 131.85 days as of December 31, 2022. This increase suggests that Albemarle Corp extended its payable period substantially, possibly to better manage cash flow or negotiation terms with suppliers.

The data for December 31, 2023 and December 31, 2024 are not available (indicated by "— days"), making it difficult to assess any further trends or changes in the payable period for those years.

In conclusion, based on the available data, Albemarle Corp's number of days of payables has demonstrated variability, with notable increases in 2021 and 2022. This metric can provide insights into the company's liquidity management and relationships with suppliers.