Century Aluminum Company (CENX)
Number of days of payables
| Dec 31, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 11.18 | 10.44 | 11.69 | 8.58 | 10.02 | 12.24 | 18.60 | 17.51 | 17.42 | 12.33 | 11.54 | 11.52 | 11.66 | 13.52 | 14.68 | 15.47 | 19.63 | 19.52 | 20.37 | 19.16 | |
| Number of days of payables | days | 32.64 | 34.98 | 31.24 | 42.56 | 36.41 | 29.82 | 19.62 | 20.85 | 20.95 | 29.61 | 31.64 | 31.69 | 31.30 | 26.99 | 24.86 | 23.59 | 18.60 | 18.70 | 17.92 | 19.05 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.18
= 32.64
The number of days of payables for Century Aluminum Company has shown fluctuations over the reporting periods. The trend indicates that the company took longer to pay its obligations in later periods compared to earlier ones. For instance, as of December 31, 2019, the company had an average payable period of 19.05 days, which gradually increased to 42.56 days by December 31, 2023.
The increase in the number of days of payables could imply that Century Aluminum Company may have been stretching out its payment terms with suppliers or facing challenges in managing its working capital efficiently. However, it seems that the company made efforts to improve this metric in the subsequent periods, as the number of days of payables decreased to 32.64 days by December 31, 2024.
Analyzing the future trend, as of June 30, 2024, the number of days of payables was recorded at 34.98 days. It will be important to continue monitoring this metric in the upcoming periods to assess whether Century Aluminum Company maintains a downward trend in the number of days of payables, indicating improved efficiency in managing its payables. fluctuations in the number of days of payables over time may provide insights into the company's liquidity position and vendor relationships.
Peer comparison
Dec 31, 2024