Axalta Coating Systems Ltd (AXTA)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.10 | 6.24 | 6.22 | 6.21 | 6.28 | |
| Number of days of payables | days | 51.41 | 58.45 | 58.65 | 58.78 | 58.11 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.10
= 51.41
Based on the data provided, Axalta Coating Systems Ltd's number of days of payables has shown some stability over the years with slight fluctuations. From December 31, 2020, to December 31, 2024, the number of days of payables ranged from 51.41 days to 58.78 days, indicating that the company takes on average around 51 to 59 days to pay its suppliers.
The consistency in the number of days of payables suggests that Axalta Coating Systems Ltd has maintained a relatively stable payment policy towards its suppliers over the years. This may indicate effective working capital management and a good relationship with suppliers.
It is important for investors and stakeholders to closely monitor changes in the number of days of payables as it can provide insights into the company's liquidity, efficiency of operations, and vendor management practices.
Peer comparison
Dec 31, 2024