Allegheny Technologies Incorporated (ATI)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.16 | 6.21 | 7.04 | 11.18 | 7.23 | |
| Number of days of payables | days | 50.95 | 58.76 | 51.83 | 32.63 | 50.48 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.16
= 50.95
The number of days of payables for ATI Inc has fluctuated over the past five years. In 2023, the company took approximately 56.82 days to pay its payables, which is a decrease from the previous year. This suggests that the company may be managing its payments more efficiently compared to 2022 when it took 64.69 days to settle its payables. The number of days of payables in 2023 is also slightly higher than in 2021 when it was 55.57 days. However, it is significantly higher compared to 2020 and 2019 when the company took 39.44 days and 54.59 days, respectively, to pay its payables. Analyzing trends in the number of days of payables can provide insights into the company's liquidity management and supplier relationships.