The Boeing Company (BA)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 5.86 | 6.18 | 6.40 | 4.94 | 4.64 | |
| Number of days of payables | days | 62.32 | 59.02 | 57.03 | 73.91 | 78.74 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.86
= 62.32
Based on the provided data, Boeing Co.'s number of days of payables has fluctuated over the past five years. In 2023, the number of days of payables was 62.32 days, representing an increase compared to the previous year. This suggests that the company took longer to pay its suppliers in 2023. However, it's worth noting that the number of days of payables was lower compared to 2019 and 2020, indicating an improvement in the management of payables during 2021 and 2022.
The fluctuation in the number of days of payables may be indicative of changes in Boeing Co.'s supplier relationships, cash flow management, and procurement processes. It is important for stakeholders to closely monitor changes in the number of days of payables, as it can provide insights into the company's working capital management and potential liquidity challenges.
Peer comparison
Dec 31, 2023