Church & Dwight Company Inc (CHD)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 4.70 | 5.20 | 4.69 | 4.41 | 4.56 | |
| Number of days of payables | days | 77.59 | 70.19 | 77.86 | 82.79 | 80.05 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.70
= 77.59
The number of days of payables for Church & Dwight Company Inc has shown some fluctuations over the past five years. As of December 31, 2020, the company took an average of 80.05 days to pay its payables, which increased to 82.79 days by December 31, 2021. However, there was a decrease observed by December 31, 2022, with the number of days of payables dropping to 77.86 days.
By December 31, 2023, the trend continued with a significant reduction in the number of days of payables to 70.19 days, indicating a more efficient management of payables. There was a slight increase to 77.59 days by December 31, 2024, although still lower than the figures from the prior years.
Overall, the downward trend in the number of days of payables suggests that Church & Dwight Company Inc has been improving its efficiency in managing its payables and may be negotiating better terms with its suppliers. This trend can positively impact the company's working capital management and overall financial health.
Peer comparison
Dec 31, 2024