Church & Dwight Company Inc (CHD)
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 | 5.20 | 4.72 | 4.76 | 4.89 | 4.69 | 4.70 | 4.56 | 4.55 | 4.41 | 4.66 | 4.98 | 5.00 | 4.56 | 4.41 | 4.78 | 5.29 | 5.02 | 5.24 | 5.00 | 5.35 | |
| Number of days of payables | days | 70.19 | 77.31 | 76.72 | 74.58 | 77.86 | 77.70 | 80.00 | 80.14 | 82.79 | 78.34 | 73.35 | 73.00 | 80.05 | 82.68 | 76.36 | 69.02 | 72.78 | 69.63 | 72.94 | 68.27 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.20
= 70.19
Church & Dwight Co., Inc. has shown a fluctuating trend in the number of days of payables over the past eight quarters. In Q4 2023, the number of days of payables was 70.19 days, which decreased from the previous quarter. This decrease may indicate that the company is taking fewer days to pay its suppliers, potentially improving its working capital management.
Comparing Q4 2023 to Q1 2022, where the number of days of payables was 80.14 days, the company has shown an improvement in managing its payables over time. However, the numbers still fluctuate, so it is essential to monitor this metric closely. Overall, a decreasing trend in the number of days of payables typically indicates that the company is managing its payables more efficiently, which could positively impact its liquidity and financial performance.
Peer comparison
Dec 31, 2023