Clearwater Paper Corporation (CLW)

The number of days of payables for Clearwater Paper Corp has fluctuated over the past five years, with a decreasing trend from 42.64 days in 2019 to 34.15 days in 2023. This indicates that the company takes, on average, approximately 34 days to pay its suppliers for goods and services purchased on credit.

A lower number of days of payables generally suggests that the company is efficient in managing its accounts payable, possibly negotiating favorable credit terms or paying invoices promptly. However, it's important to consider the industry norms and compare Clearwater Paper Corp's payables turnover with its peers to assess its performance in this aspect thoroughly.

Overall, a decreasing trend in the number of days of payables can positively impact the company's working capital management, cash flow position, and relationships with suppliers. Additional analysis of other financial ratios and operational performance indicators would provide a more comprehensive assessment of Clearwater Paper Corp's financial health and efficiency in managing its payables.