Corning Incorporated (GLW)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.01 | 5.91 | 5.37 | 5.59 | 6.62 | |
| Number of days of payables | days | 60.76 | 61.81 | 68.00 | 65.24 | 55.14 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.01
= 60.76
The number of days of payables for Corning Incorporated has shown an increasing trend over the past five years, with values as follows: 55.14 days as of December 31, 2020, 65.24 days as of December 31, 2021, 68.00 days as of December 31, 2022, 61.81 days as of December 31, 2023, and 60.76 days as of December 31, 2024.
The increase in the number of days of payables indicates that Corning Incorporated is taking longer to pay its suppliers or vendors, which may suggest a cash flow benefit for the company as it holds onto cash longer. However, it is important to monitor this trend closely to ensure that extended payment terms are not negatively impacting supplier relationships or indicating potential liquidity issues in the future.
Peer comparison
Dec 31, 2024