Ecolab Inc (ECL)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.63 | 7.39 | 8.12 | 9.03 | 12.22 | |
| Number of days of payables | days | 42.27 | 49.42 | 44.95 | 40.44 | 29.88 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.63
= 42.27
Ecolab, Inc.'s number of days of payables has fluctuated over the past five years as follows:
- In 2019, the company took approximately 53.74 days to pay its payables on average.
- By 2020, the number of days increased to around 61.34 days, indicating a slight delay in settling its payables.
- In 2021, the number of days of payables further increased to approximately 66.34 days, suggesting a continued trend of delayed payments.
- By 2022, the number of days of payables rose to about 71.43 days, indicating a longer period before settling its payables.
- However, in 2023, Ecolab, Inc. managed to reduce its number of days of payables to around 62.45 days, showing an improvement in its payables management efficiency compared to the previous year.
Overall, the trend suggests that Ecolab, Inc. has shown variability in managing its payables over the years, with efforts to shorten the payment period in 2023 compared to the previous year.
Peer comparison
Dec 31, 2023