Clean Harbors Inc (CLH)
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 | 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 | 9.31 | 9.93 | 10.75 | 11.20 | |
| Number of days of payables | days | 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 | 39.21 | 36.75 | 33.94 | 32.59 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.94
= 36.73
The number of days of payables for Clean Harbors, Inc. has shown a decreasing trend over the past four quarters, indicating a more efficient management of payables. In Q1 2022, the company took approximately 49.73 days to pay its payables, which decreased to 42.96 days in Q1 2023. This suggests that the company is paying its suppliers more quickly over time.
The average number of days of payables over the past eight quarters is around 43.65 days, with a range between 37.13 days to 49.73 days. This shows that Clean Harbors, Inc. generally takes around 43 days to pay its payables on average, with fluctuations around this mean.
A lower number of days of payables indicates that the company is managing its cash flow efficiently by paying its suppliers promptly, which can help improve relationships with vendors and potentially negotiate better terms in the future. However, it is important to ensure that the decrease in days of payables is not at the expense of liquidity or financial stability.
Peer comparison
Dec 31, 2023