Century Aluminum Company (CENX)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.58 | 17.51 | 11.52 | 15.47 | 19.16 | |
| Number of days of payables | days | 42.56 | 20.85 | 31.69 | 23.59 | 19.05 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.58
= 42.56
The number of days of payables for Century Aluminum Company has fluctuated over the past five years. In 2023, the company took an average of 42.56 days to pay its outstanding payables, a significant increase from the previous year's average of 20.85 days. This suggests that the company may be taking longer to settle its obligations to suppliers and vendors, potentially indicating liquidity challenges or changes in payment terms.
Comparing to 2021 and 2020, where the company took 31.69 days and 23.59 days respectively to pay its payables, the current figure of 42.56 days appears notably higher. However, it is still lower than the number of days in 2019 when the company took an average of 19.05 days to pay its payables.
Overall, the trend in the number of days of payables for Century Aluminum Company shows some variability, with 2023 reflecting a relatively high number of days compared to the previous years. Further analysis is needed to understand the underlying reasons for this increase and its implications for the company's financial health and management of cash flow.
Peer comparison
Dec 31, 2023