CF Industries Holdings Inc (CF)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 35.84 | 84.52 | 37.74 | 39.09 | 43.79 | |
| Number of days of payables | days | 10.18 | 4.32 | 9.67 | 9.34 | 8.33 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 35.84
= 10.18
CF Industries Holdings Inc's number of days of payables has experienced fluctuations over the past five years. In 2023, the number of days of payables increased to 10.18 days from 4.32 days in 2022, representing a significant rise in the time it takes the company to pay its suppliers. This increase may indicate a potential strain on the company's working capital management or changes in payment terms with suppliers. Comparing to 2021, where the number of days of payables was 9.67 days, the increase in 2023 suggests a shift towards a longer payment cycle.
In 2020 and 2019, the number of days of payables stood at 9.34 days and 8.33 days, respectively, showing relatively stable payment practices during those years.
Overall, the trend in CF Industries Holdings Inc's number of days of payables indicates variability in the company's payment behavior towards its suppliers, which may warrant further investigation into the underlying reasons for these fluctuations and their impact on the company's liquidity and financial performance.
Peer comparison
Dec 31, 2023