Chemours Co (CC)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 5.36 | 5.02 | 5.23 | 5.45 | 5.92 | |
| Number of days of payables | days | 68.11 | 72.72 | 69.75 | 66.93 | 61.68 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.36
= 68.11
Over the past five years, Chemours Co's number of days of payables has shown a fluctuating trend. The number of days of payables indicates the average number of days a company takes to pay its suppliers.
In 2023, Chemours Co took 68.11 days on average to pay its suppliers, which was lower compared to 2022 and 2021, where it took 72.72 days and 69.75 days respectively. This decrease suggests an improvement in the efficiency of managing supplier payments in 2023.
However, if we compare the data to 2020 and 2019, where the company took 66.93 days and 61.68 days respectively to pay its suppliers, it indicates a slight deterioration in the payment efficiency in 2023.
Overall, although there was a slight improvement in 2023 compared to 2022 and 2021, Chemours Co's number of days of payables has shown variability over the years, and it would be important to monitor this trend to ensure effective management of supplier payments in the future.
Peer comparison
Dec 31, 2023