Colgate-Palmolive Company (CL)

Number of days of payables

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Payables turnover		4.40	4.91	5.17	4.92	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
Number of days of payables	days	82.98	74.35	70.54	74.18	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

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.40
= 82.98

The number of days of payables for Colgate-Palmolive Company has shown some fluctuations over the years based on the provided data. It averaged around 70 days for the period from March 2020 to June 2022. There was a noticeable increase in the number of days of payables towards the end of 2022, reaching 80.58 days in March 2022.

However, the number of days decreased thereafter and remained relatively stable between 66 to 76 days from September 2022 to June 2024, indicating the company's ability to manage its payables efficiently during this period. The highest recorded number of days of payables was 82.98 days in December 2024, suggesting a possible increase in the time taken by the company to pay its suppliers.

Overall, the trend in Colgate-Palmolive Company's number of days of payables shows variability but with a certain level of control, as the company maintained the metric within a manageable range for the most part.