Corning Incorporated (GLW)
Number of days of payables
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 6.01 | 5.51 | 5.82 | 5.73 | 5.91 | 6.21 | 6.14 | 5.69 | 5.37 | 5.31 | 4.89 | 5.02 | 5.59 | 6.27 | 6.45 | 6.35 | 6.62 | 6.46 | 6.78 | 6.07 | |
| Number of days of payables | days | 60.76 | 66.26 | 62.69 | 63.65 | 61.81 | 58.75 | 59.48 | 64.12 | 68.00 | 68.76 | 74.58 | 72.71 | 65.24 | 58.23 | 56.63 | 57.49 | 55.14 | 56.49 | 53.86 | 60.15 |
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 fluctuated over the years, indicating changes in the company's ability to manage its payables effectively. Based on the data provided:
- The number of days of payables was relatively stable around the mid-50s to low 60s range from March 2020 to June 2021, suggesting that the company was able to manage its payables efficiently during this period.
- However, there was a noticeable increase in the number of days of payables in the second half of 2021, reaching a peak of 74.58 days by June 30, 2022. This significant increase may indicate a potential strain on the company's cash flow and working capital management during this period.
- The number of days of payables gradually decreased after June 2022, indicating that the company took steps to improve its payables management. The number of days of payables remained relatively stable in the mid-60s range from September 2022 to December 2024.
- Overall, monitoring the number of days of payables can provide valuable insights into Corning Incorporated's working capital management and financial health, as well as potential liquidity challenges the company may face in meeting its short-term obligations.
Peer comparison
Dec 31, 2024
See also:
Corning Incorporated Average Payables Payment Period (Quarterly Data)