CF Industries Holdings Inc (CF)
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 | 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 shown a fluctuating trend over the past few quarters. In Q4 2023, the number of days of payables increased to 10.18 days from 4.32 days in Q4 2022.
A higher number of days of payables could indicate that the company is taking longer to pay its suppliers, which may be a strategy to manage cash flow or take advantage of payment terms. This could potentially strain relationships with suppliers if not managed effectively.
However, the lack of data for previous quarters makes it difficult to draw meaningful comparisons or identify a consistent trend. It would be beneficial to continue monitoring this ratio in future quarters to better understand the company's payment practices and financial health.
Peer comparison
Dec 31, 2023