Air Products and Chemicals Inc (APD)
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 | — | 8.33 | — | — | — | 6.66 | — | — | — | 10.97 | — | — | — | 10.73 | — | — | — | 11.56 | — | — | |
| Number of days of payables | days | — | 43.82 | — | — | — | 54.78 | — | — | — | 33.28 | — | — | — | 34.03 | — | — | — | 31.57 | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The number of days of payables for Air Products & Chemicals Inc. in Q4 2023 was 50.12 days, indicating that the company takes approximately 50 days to pay off its accounts payable. This represents an increase compared to the previous quarter, Q4 2022, when the number of days of payables was 43.80 days. A higher number of days of payables could suggest that the company is taking longer to settle its debts with suppliers, potentially indicating inefficiencies in working capital management or cash flow. It is important to monitor this metric over time to assess the company's ability to effectively manage its payables and liquidity position.
Peer comparison
Dec 31, 2023
See also:
Air Products and Chemicals Inc Average Payables Payment Period (Quarterly Data)