Axalta Coating Systems Ltd (AXTA)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 7.10 | 6.37 | 6.26 | 6.17 | 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 | |
| Number of days of payables | days | 51.41 | 57.28 | 58.33 | 59.19 | 59.70 | 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 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.10
= 51.41
Axalta Coating Systems Ltd's number of days of payables has shown fluctuation over the periods provided. The metric indicates the average number of days a company takes to pay its suppliers for goods or services purchased on credit.
From March 31, 2020, to June 30, 2022, the number of days of payables ranged between 36.14 days and 65.79 days, with some variability. Notably, there was an increasing trend from December 31, 2020, hitting a peak of 65.79 days on March 31, 2022. However, from there, a downward trend was observed, with the number of days of payables decreasing to 57.28 days by September 30, 2024.
It is important to interpret this ratio in conjunction with other liquidity and working capital metrics to understand Axalta Coating Systems Ltd's ability to manage its cash flow effectively while maintaining good relationships with its suppliers.
Peer comparison
Dec 31, 2024