The Boeing Company (BA)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.03 | 5.86 | 6.18 | 6.40 | 4.94 | |
| Number of days of payables | days | 60.55 | 62.32 | 59.02 | 57.03 | 73.91 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.03
= 60.55
The analysis of The Boeing Company's number of days of payables over the years from December 31, 2020, to December 31, 2024, reveals a decreasing trend. The number of days of payables decreased from 73.91 days in 2020 to 57.03 days in 2021, reflecting a more efficient management of payables during this period. However, from 2021 to 2022, there was a slight increase in the number of days of payables to 59.02 days, indicating a longer payment cycle in that year. Subsequently, in 2023, the number of days of payables increased further to 62.32 days, suggesting delayed payments to suppliers. Finally, by December 31, 2024, the number of days of payables decreased to 60.55 days, indicating some improvement in managing payables compared to the previous year but still higher than the levels observed earlier in the period. The fluctuation in the number of days of payables may have implications for the company's working capital management and relationships with suppliers.
Peer comparison
Dec 31, 2024