Celanese Corporation (CE)
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 | 6.37 | 7.63 | 7.44 | 6.09 | 5.41 | 6.81 | 5.95 | 6.03 | 5.63 | 5.90 | 5.64 | 5.65 | 6.17 | 6.88 | 8.19 | 7.16 | 6.78 | 7.13 | 7.24 | 8.05 | |
| Number of days of payables | days | 57.34 | 47.83 | 49.04 | 59.90 | 67.47 | 53.63 | 61.36 | 60.50 | 64.80 | 61.88 | 64.70 | 64.56 | 59.19 | 53.05 | 44.57 | 50.99 | 53.81 | 51.19 | 50.39 | 45.37 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.37
= 57.34
Celanese Corp's number of days of payables has shown some fluctuation in recent quarters, ranging from 55.24 days to 75.97 days over the past eight quarters. In the most recent quarter (Q4 2023), the number of days of payables was 66.11 days, indicating that, on average, the company takes approximately 66 days to pay its creditors.
The trend in the number of days of payables suggests that Celanese Corp's payment cycle has been somewhat inconsistent, with periods of shorter and longer payment times. It is essential for the company to manage its payables effectively to maintain a healthy balance between maximizing cash flow and maintaining good relationships with suppliers.
Overall, a detailed analysis of Celanese Corp's number of days of payables can provide insights into the company's working capital management and its ability to efficiently manage its payment obligations.
Peer comparison
Dec 31, 2023