Clean Harbors Inc (CLH)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 10.05 | 9.95 | 9.48 | 8.87 | 13.46 | |
| Number of days of payables | days | 36.33 | 36.69 | 38.50 | 41.15 | 27.12 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.05
= 36.33
The number of days of payables for Clean Harbors Inc has shown fluctuations over the past five years. As of December 31, 2020, the company took approximately 27.12 days to pay its suppliers. This figure increased to 41.15 days by the end of December 31, 2021, indicating a lengthening of the average payment period.
Subsequently, by December 31, 2022, the number of days of payables decreased slightly to 38.50 days, followed by a further reduction to 36.69 days by December 31, 2023. This trend suggests that the company was managing its payables more efficiently.
By the end of December 31, 2024, the number of days of payables remained relatively stable at 36.33 days, indicating that Clean Harbors Inc maintained a consistent payment pattern towards its suppliers during that period.
Overall, monitoring the number of days of payables provides insight into how efficiently a company manages its outstanding supplier invoices and cash flow. Clean Harbors Inc's performance in this area may be influenced by various factors such as negotiation terms with suppliers and changes in the company's payment strategies.