Colgate-Palmolive Company (CL)

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		4.79	5.52	5.22	4.94	4.98	4.87	4.91	4.53	4.76	5.47	5.27	5.00	4.63	5.20	5.36	5.27	5.15	5.32	5.20	5.20
Number of days of payables	days	76.22	66.08	69.96	73.87	73.34	74.92	74.41	80.58	76.62	66.71	69.24	73.01	78.78	70.15	68.10	69.32	70.90	68.56	70.17	70.21

December 31, 2023 calculation

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

The analysis of Colgate-Palmolive Co.'s number of days of payables over the past eight quarters reveals some fluctuations. In Q4 2023, the number of days of payables increased to 76.22 days from 66.08 days in Q3 2023. This indicates that the company took longer to pay its creditors compared to the previous quarter.

Looking back, in Q2 and Q1 2023, the number of days of payables were 69.96 days and 73.87 days, respectively, showing a relatively stable trend during that period. In Q4 2022, the number of days of payables was at 73.34 days, slightly lower than Q3 2022 at 74.92 days.

The highest number of days of payables was recorded in Q1 2022 at 80.58 days, followed by Q2 2022 and Q3 2022 at 74.41 days and 74.92 days, respectively.

Overall, the fluctuations in the number of days of payables indicate varying payment behaviors towards suppliers and creditors over the quarters, which may reflect the company's liquidity position, negotiation abilities with suppliers, and internal payment policies.