Clearwater Paper Corporation (CLW)

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		11.64	11.88	11.68	11.14	9.24	9.81	8.66	10.18	10.13	9.84	11.13	10.81	11.81	12.20	12.75	11.98	11.51	13.49	10.14	9.31
Number of days of payables	days	31.36	30.73	31.24	32.76	39.51	37.22	42.17	35.86	36.01	37.08	32.80	33.77	30.90	29.92	28.62	30.47	31.71	27.07	36.00	39.19

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.64
= 31.36

The number of days of payables for Clearwater Paper Corp over the past eight quarters has shown a relatively stable trend, fluctuating within a narrow range. In Q4 2023, the company reported 34.15 days of payables, which was slightly higher than the previous quarter but lower compared to the same period last year. This indicates that Clearwater Paper is managing its accounts payable efficiently, taking approximately 34 days to pay its suppliers on average.

The average number of days of payables over the past year was around 36 days, suggesting that Clearwater Paper typically takes just over a month to settle its outstanding invoices. The company's ability to effectively manage its payables is crucial for maintaining good relationships with its suppliers and optimizing its working capital management.

Overall, Clearwater Paper Corp's number of days of payables reflects a balanced approach to managing its cash flow and liabilities, contributing to its overall financial stability. Tracking this metric over time can provide valuable insights into the company's vendor payment practices and financial health.