Century Aluminum Company (CENX)
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 | 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 | 17.66 | 20.55 | 17.48 | |
| Number of days of payables | days | 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 | 20.67 | 17.76 | 20.88 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.58
= 42.56
Based on the data provided, Century Aluminum Company's number of days of payables has fluctuated over the past few quarters. The trend shows that the number of days of payables has generally been decreasing, indicating a more efficient management of accounts payable.
The company's number of days of payables ranged from 42.56 days at the end of December 2023 to 17.76 days at the end of March 2019. This suggests that Century Aluminum Company has been able to extend the time it takes to pay its suppliers, potentially improving cash flow and working capital management.
Overall, a decreasing trend in the number of days of payables is a positive indicator for the company's liquidity and financial health. It is important for investors and analysts to monitor this ratio over time to assess the company's ability to manage its payables effectively.
Peer comparison
Dec 31, 2023