Clean Harbors Inc (CLH)
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 | 10.04 | 9.49 | 10.41 | 10.03 | 9.94 | 10.72 | 11.74 | 10.14 | 9.47 | 9.88 | 9.34 | 8.89 | 8.86 | 10.11 | 11.01 | 12.08 | 13.44 | 12.04 | 14.28 | 10.58 | |
| Number of days of payables | days | 36.37 | 38.47 | 35.05 | 36.37 | 36.73 | 34.05 | 31.09 | 35.99 | 38.53 | 36.95 | 39.08 | 41.04 | 41.19 | 36.11 | 33.14 | 30.21 | 27.15 | 30.32 | 25.56 | 34.50 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.04
= 36.37
The number of days of payables for Clean Harbors Inc has exhibited fluctuations over the time period provided in the data. The metric has ranged from a low of 25.56 days on June 30, 2020, to a high of 41.19 days on December 31, 2021.
The company's management of payables improved towards the end of 2020 and continued into the first half of 2021, as indicated by a decrease in the number of days of payables. However, there was an increase in this metric during the latter part of 2021 and into 2022, reaching levels above 40 days.
Subsequently, the number of days of payables started to decline, with fluctuations observed in the following quarters. Notably, the metric stood at 36.37 days on both March 31, 2024, and December 31, 2024.
Overall, the analysis of Clean Harbors Inc's number of days of payables indicates variability in the company's ability to manage its payables efficiently over the specified time frame. Variations in this metric may be influenced by factors such as payment terms with suppliers, inventory turnover, and overall working capital management practices.