Dow Inc (DOW)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.19 | 6.69 | 7.01 | 5.50 | 5.66 | |
| Number of days of payables | days | 58.99 | 54.55 | 52.08 | 66.34 | 64.46 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.19
= 58.99
The number of days of payables for Dow Inc has shown a fluctuating trend over the past five years. As of December 31, 2020, the company took approximately 64.46 days to pay its suppliers, which increased slightly to 66.34 days by the end of 2021. However, there was a notable improvement in the efficiency of payables management as the number of days decreased to 52.08 days by December 31, 2022.
In the following year, there was a slight increase in the number of days of payables to 54.55 days, and by the end of 2024, it further increased to 58.99 days. Overall, the trend suggests that Dow Inc has been managing its payables effectively, with some fluctuations reflecting changes in the company's working capital management strategies or business environment.
Peer comparison
Dec 31, 2024