Dupont De Nemours Inc (DD)
Number of days of payables
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Payables turnover | 6.46 | 5.05 | 6.40 | 8.43 | 6.16 | |
Number of days of payables | days | 56.48 | 72.33 | 57.00 | 43.31 | 59.21 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.46
= 56.48
Analyzing the trend in DuPont de Nemours Inc's number of days of payables over the past five years, we observe fluctuations. The number of days of payables has varied, ranging from 76.19 days in 2019 to 91.36 days in 2022. In 2023, the number of days of payables decreased to 78.03 days. This indicates that the company is taking slightly fewer days to pay off its suppliers compared to the previous year. However, it is important to assess this metric in conjunction with other financial ratios to gain a comprehensive understanding of the company's liquidity and operational efficiency.
Peer comparison
Dec 31, 2023
Company name
Symbol
Number of days of payables
Dupont De Nemours Inc
DD
56.48
AdvanSix Inc
ASIX
64.41
Albemarle Corp
ALB
—
Avient Corp
AVNT
51.70
Dow Inc
DOW
54.55
Eastman Chemical Company
EMN
73.52
Hexcel Corporation
HXL
37.95
Rogers Corporation
ROG
21.05