Albemarle Corp (ALB)

Number of days of payables

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Payables turnover		—	—	—	—	—	—	—	2.77	2.77	1.99	2.58	2.89	3.88	4.19	4.11	4.47	4.42	4.67	4.30	3.98
Number of days of payables	days	—	—	—	—	—	—	—	131.76	131.85	183.63	141.45	126.35	94.07	87.16	88.88	81.61	82.65	78.16	84.81	91.75

December 31, 2024 calculation

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

The number of days of payables for Albemarle Corp has exhibited fluctuations over the recorded periods. Initially, from March 2020 to December 2021, the number of days of payables ranged from 78.16 to 94.07 days, suggesting relatively stable payment terms with suppliers. However, from March 2022 onwards, there has been a noticeable increase in the number of days of payables, reaching as high as 183.63 days by September 2022.

This substantial increase may indicate an extended period within which Albemarle Corp is paying its suppliers, potentially stemming from various reasons such as changes in the company's internal policies, negotiations with suppliers, or even operational challenges. Moreover, the absence of data from June 2023 onwards suggests a lack of visibility on the recent payment behavior, leaving room for uncertainty regarding the company's current financial obligations to its suppliers.

In conclusion, the data reflects a significant shift in the number of days of payables for Albemarle Corp, highlighting a potential change in the company's payment practices and relationships with suppliers that may warrant further investigation and analysis.