Ashland Global Holdings Inc (ASH)
Number of days of payables
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 6.99 | 7.76 | 7.47 | 7.61 | 7.25 | 7.41 | 6.47 | 6.38 | 5.89 | 6.39 | 6.07 | 6.23 | 6.11 | 5.45 | 5.96 | 6.26 | 6.72 | 5.96 | 5.48 | 6.21 | |
| Number of days of payables | days | 52.25 | 47.05 | 48.87 | 47.94 | 50.33 | 49.26 | 56.40 | 57.19 | 61.96 | 57.12 | 60.11 | 58.56 | 59.78 | 66.98 | 61.21 | 58.32 | 54.35 | 61.24 | 66.62 | 58.78 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.99
= 52.25
The number of days of payables for Ashland Global Holdings Inc has shown fluctuations over the past several quarters. From December 2019 to September 2022, the days of payables ranged from 54.35 days to 66.98 days, indicating the company took between approximately 54 to 67 days on average to pay its creditors.
Starting from September 2022, there was a decreasing trend in the number of days of payables, reaching a low of 47.05 days in June 2024. This suggests that Ashland Global Holdings Inc has been managing its payables more efficiently, potentially negotiating better payment terms with suppliers or improving working capital management.
However, in the most recent quarter ending September 30, 2024, the number of days of payables increased to 52.25 days, indicating a slight elongation in payment periods compared to the prior quarter. It is important for stakeholders to closely monitor this metric in future periods to assess if this is a temporary blip or a developing trend.
Peer comparison
Sep 30, 2024