Colgate-Palmolive Company (CL)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		4.79	4.98	4.76	4.63	5.15
Number of days of payables	days	76.22	73.34	76.62	78.78	70.90

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.79
= 76.22

The number of days of payables for Colgate-Palmolive Co. has shown some fluctuations over the past five years. In 2023, the company took around 76.22 days, on average, to pay its suppliers, which increased from 73.34 days in 2022. This may indicate that the company is taking slightly longer to settle its payables compared to the previous year.

In comparison to 2021 and 2020, the number of days of payables remained relatively stable, with 76.62 days and 78.78 days, respectively. However, in 2019, there was a notable decrease to 70.90 days, suggesting that the company was able to manage its payables more efficiently that year.

Overall, the trend in the number of days of payables for Colgate-Palmolive Co. suggests some variability in their payment practices over the past five years, with 2023 showing a slight increase compared to the previous year. This could be influenced by a variety of factors such as changes in the company's supplier relationships, working capital management strategies, or industry dynamics.