Clean Harbors Inc (CLH)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.95 | 9.48 | 8.87 | 13.46 | 9.75 | |
| Number of days of payables | days | 36.69 | 38.50 | 41.15 | 27.12 | 37.45 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.95
= 36.69
The number of days of payables for Clean Harbors, Inc. has fluctuated over the past five years. In 2023, the company took approximately 44.02 days to pay its outstanding payables, which improved from 46.00 days in 2022. This indicates that Clean Harbors, Inc. has been managing its payables more efficiently, taking slightly fewer days to settle its obligations to suppliers in 2023 compared to the previous year.
Furthermore, looking at the trend over the five-year period, we can see that the number of days of payables peaked in 2021 at 50.33 days, suggesting a potential delay in payment to suppliers that year. The year 2020 saw a significant improvement as the number of days of payables dropped to 33.44 days, indicating that the company was more prompt in settling its payables that year. However, the metric increased again in 2019 to 45.61 days.
Overall, the trend in the number of days of payables for Clean Harbors, Inc. shows some variability, but the slight decrease in 2023 compared to the previous year may indicate a positive trend towards more efficient management of payables within the company.
Peer comparison
Dec 31, 2023