Autoliv Inc (ALV)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 4.63 | 4.66 | 6.34 | 5.47 | 7.90 | |
| Number of days of payables | days | 78.87 | 78.36 | 57.55 | 66.76 | 46.22 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.63
= 78.87
Autoliv Inc.'s number of days of payables has shown fluctuations over the past five years. In 2023, the number of days of payables increased to 83.43 days from 82.99 days in 2022. This indicates that Autoliv took slightly longer to pay its trade payables in 2023 compared to the previous year.
Comparing 2023 to 2021, there was a significant increase in the number of days of payables from 61.33 days to 83.43 days. This suggests that Autoliv took longer to settle its payables in 2023 compared to 2021.
In 2020, the number of days of payables was 72.21 days, indicating that Autoliv took a shorter time to pay its trade payables in 2023 compared to 2020.
Furthermore, in 2019, the number of days of payables was 49.33 days, indicating a noticeable increase in the number of days taken to settle payables by 2023.
Overall, Autoliv's number of days of payables has shown variability over the past five years, with fluctuations indicating changes in the company's payment behavior towards its suppliers.
Peer comparison
Dec 31, 2023