Church & Dwight Company Inc (CHD)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 5.20 | 4.69 | 4.41 | 4.56 | 5.02 | |
| Number of days of payables | days | 70.19 | 77.86 | 82.79 | 80.05 | 72.78 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.20
= 70.19
The number of days of payables for Church & Dwight Co., Inc. has shown a decreasing trend over the past five years, declining from 72.78 days at the end of 2019 to 70.19 days at the end of 2023. This indicates that the company is taking fewer days to pay its suppliers, which could be a positive sign of efficient management of its accounts payable.
A lower number of days of payables suggests that the company is able to manage its working capital more effectively by settling its obligations to suppliers faster. This may be indicative of strong supplier relationships and negotiation power, allowing the company to potentially benefit from early payment discounts.
It is important to note that the interpretation of this ratio should be considered in conjunction with other liquidity and efficiency ratios to gain a more comprehensive understanding of Church & Dwight Co., Inc.'s financial performance and operational efficiency.
Peer comparison
Dec 31, 2023