Axalta Coating Systems Ltd (AXTA)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.25 | 6.22 | 6.21 | 6.28 | 8.57 | |
| Number of days of payables | days | 58.44 | 58.65 | 58.78 | 58.11 | 42.59 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.25
= 58.44
The number of days of payables for Axalta Coating Systems Ltd has been gradually increasing over the past five years, indicating that the company is taking longer to pay its suppliers. In 2023, the company took approximately 74.21 days to settle its payables, compared to 77.25 days in 2022, 80.32 days in 2021, 83.81 days in 2020, and 60.51 days in 2019.
This trend may suggest a potential strain on the company's working capital management as longer payment periods can impact cash flow and relationships with suppliers. It is important for the company to monitor and manage its payables effectively to ensure the smooth operation of its supply chain and maintain healthy financial relationships.
Peer comparison
Dec 31, 2023