Dupont De Nemours Inc (DD)

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		6.45	6.00	5.78	5.39	5.05	5.64	5.84	6.00	6.39	5.50	6.53	7.41	8.19	6.53	6.54	6.10	10.10	9.21	7.83	1.55
Number of days of payables	days	56.56	60.88	63.12	67.71	72.29	64.76	62.50	60.83	57.09	66.41	55.93	49.28	44.59	55.91	55.84	59.86	36.15	39.63	46.61	235.46

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.45
= 56.56

DuPont de Nemours Inc's number of days of payables has shown some variability over the past eight quarters. In Q4 2023, the number of days of payables was 78.03 days, increasing from 76.73 days in Q3 2023. Compared to the same quarter in the previous year (Q4 2022), the payables turnover improved, indicating that the company took fewer days to pay its suppliers in Q4 2023.

Looking at a broader trend, there seems to be a general fluctuation in the number of days of payables, with a peak of 91.36 days in Q4 2022 and a low of 76.36 days in Q1 2022. Although the number of days of payables may vary quarter to quarter, it is essential to monitor this metric closely, as it reflects the company's efficiency in managing its payables and cash flow.