Element Solutions Inc (ESI)
Number of days of payables
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 9.88 | 11.72 | 11.06 | 9.48 | 10.52 | 10.06 | 9.86 | 10.11 | 10.09 | 22.05 | 10.42 | 9.26 | 8.62 | 10.40 | 8.14 | 8.89 | 9.16 | 11.17 | 9.80 | 12.56 | |
| Number of days of payables | days | 36.95 | 31.15 | 32.99 | 38.50 | 34.70 | 36.28 | 37.03 | 36.11 | 36.16 | 16.55 | 35.02 | 39.42 | 42.35 | 35.10 | 44.85 | 41.04 | 39.87 | 32.68 | 37.25 | 29.06 |
March 31, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.88
= 36.95
The number of days of payables for Element Solutions Inc. exhibits fluctuations over the analyzed period from June 30, 2020, to March 31, 2025. Initially, the metric increased from 29.06 days in June 2020 to reach a peak of 44.85 days in September 2021. This upward trend indicates a progressively lengthening period the company takes to settle its payables during this interval. Following this peak, a notable decline is observed, with the figure dropping to 16.55 days by December 2022—a significant reduction that suggests a shortening in the accounts payable cycle. Subsequently, the days of payables modestly increased again, reaching approximately 36 to 37 days toward the end of the period analyzed, specifically at March 2023 through December 2024, with minor fluctuations. As of March 2025, the number of days stood at approximately 36.95 days. Overall, the data demonstrates periods of both extension and contraction in the company's payment practices, with a marked decrease around late 2022 followed by stabilization at a higher level.
Peer comparison
Mar 31, 2025