Chemours Co (CC)

Number of days of payables

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		5.13	7.02	6.27	5.44	5.16	5.03	5.05	5.33	5.23	5.50	5.33	4.87	5.45	6.46	7.18	5.80	5.41	5.12	5.18	4.93
Number of days of payables	days	71.12	52.02	58.18	67.04	70.71	72.51	72.32	68.46	69.74	66.38	68.43	74.90	66.93	56.53	50.83	62.95	67.53	71.34	70.52	74.08

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.13
= 71.12

The analysis of Chemours Co's number of days of payables over the past five years shows fluctuations in the efficiency of the company's accounts payable management.

From Dec 31, 2019, to Sep 30, 2020, there was an improving trend in the number of days of payables, indicating that the company was taking longer to pay its suppliers. However, this trend reversed from Dec 31, 2020, to Jun 30, 2021, as the number of days decreased significantly. This could suggest either a more efficient payment system or renegotiations with suppliers for more favorable terms.

From Sep 30, 2021, to Dec 31, 2023, the number of days of payables remained relatively stable, fluctuating between 52.02 days and 71.12 days. This stability may indicate a consistent approach to managing payables over this period.

Overall, the company's ability to manage its payables effectively is crucial for maintaining good relationships with suppliers and optimizing working capital. Monitoring trends in the number of days of payables can provide insights into the company's liquidity, cash flow management, and vendor negotiation strategies.