Celanese Corporation (CE)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.37 | 5.41 | 5.63 | 6.17 | 6.79 | |
| Number of days of payables | days | 57.34 | 67.47 | 64.80 | 59.19 | 53.72 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.37
= 57.34
The number of days of payables for Celanese Corp has shown fluctuations over the past five years. In 2023, the number of days of payables decreased to 66.11 days from 75.97 days in 2022. This suggests that the company took fewer days to pay its suppliers in 2023 compared to the previous year.
Comparing 2023 to 2021 and 2020, the number of days of payables also decreased in 2023, indicating a potential improvement in the company's efficiency in managing its accounts payable.
However, when compared to 2019, the number of days of payables in 2023 increased, indicating that the company took longer to pay its suppliers in 2023 compared to four years ago.
Overall, the trend in the number of days of payables for Celanese Corp over the past five years shows variability, with fluctuations in how quickly the company pays its suppliers.
Peer comparison
Dec 31, 2023