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.