Baxter International Inc (BAX)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 12.96 | 16.52 | 9.26 | 10.12 | 12.16 | |
| Number of days of payables | days | 28.17 | 22.10 | 39.42 | 36.06 | 30.02 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.96
= 28.17
The number of days of payables for Baxter International Inc. has fluctuated over the past five years. In 2023, the company took approximately 46.04 days to pay its trade payables, which increased from 42.79 days in 2022. This indicates that the company took slightly longer to pay its suppliers in 2023 compared to the previous year.
However, when compared to 2021 and 2020, where the number of days of payables was 59.23 days and 53.72 days respectively, there was an improvement in 2023. It suggests that Baxter managed its trade payables more efficiently in 2023 than in the two preceding years.
Looking further back to 2019 when the number of days of payables was 49.32 days, the company's payables turnover has been relatively stable over the past five years, with some fluctuations. This could indicate effective management of working capital and supplier relations.
Overall, the trend in Baxter International Inc.'s number of days of payables shows variations over the years, but the company appears to have maintained a reasonable balance in managing its payment terms with suppliers during this period.
Peer comparison
Dec 31, 2023