Axalta Coating Systems Ltd (AXTA)
Number of days of payables
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 6.11 | 6.48 | 6.52 | 6.47 | 6.10 | 5.90 | 5.72 | 5.55 | 6.06 | 5.74 | 5.82 | 5.64 | 5.65 | 6.67 | 10.10 | 7.43 | 7.76 | 7.71 | 7.96 | 7.86 | |
| Number of days of payables | days | 59.69 | 56.33 | 55.95 | 56.45 | 59.82 | 61.84 | 63.78 | 65.79 | 60.25 | 63.54 | 62.75 | 64.76 | 64.64 | 54.74 | 36.14 | 49.15 | 47.06 | 47.35 | 45.83 | 46.43 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.11
= 59.69
Axalta Coating Systems Ltd's number of days of payables has shown a decreasing trend over the past quarters, indicating an improvement in the company's efficiency in managing its payables. In Q4 2023, the number of days of payables decreased to 74.21 days from 77.25 days in Q4 2022. This suggests that the company is taking fewer days to pay its suppliers, which can be a positive sign of good liquidity management. The downward trend from 86.94 days in Q1 2022 to 74.21 days in Q4 2023 reflects a more favorable position in terms of managing its trade payables. Overall, the decreasing trend in the number of days of payables indicates that Axalta Coating Systems Ltd is effectively managing its working capital and relationships with its suppliers.
Peer comparison
Dec 31, 2023