Armstrong World Industries Inc (AWI)

Number of days of payables

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Payables turnover		10.28	12.80	11.27	10.77	11.30
Number of days of payables	days	35.50	28.51	32.40	33.90	32.30

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.28
= 35.50

Armstrong World Industries Inc's number of days of payables has shown variability over the past five years. The trend indicates a slight increase in the number of days it takes for the company to pay its suppliers, from 32.30 days as of December 31, 2020, to 35.50 days as of December 31, 2024. Notably, there was a decrease in the number of days of payables from 2022 to 2023, with the figure dropping to 28.51 days. This may suggest improved efficiency in managing payables during that period. Overall, it is important for the company to closely monitor its payables turnover to ensure optimal cash flow management and vendor relationships.