General Motors Company (GM)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 0.09 | 0.04 | 5.37 | 5.29 | 5.71 | |
| Number of days of payables | days | 4,114.52 | 9,187.17 | 68.00 | 68.99 | 63.91 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.09
= 4,114.52
The number of days of payables for General Motors Company has fluctuated over the past five years. In 2023, the company's number of days of payables decreased to 72.61 days from 79.06 days in 2022. This indicates that General Motors took fewer days to pay its trade payables in 2023 compared to the previous year.
Comparing the 2023 figure to the numbers in 2021 and 2020, the company also showed a slight improvement in managing its payables, as the number of days decreased from 74.02 days in 2021 and 74.57 days in 2020.
In 2019, General Motors had the lowest number of days of payables at 69.33 days. While the recent data shows a slight increase in the number of days of payables in 2023 compared to 2019, it is important to note that the company's ability to manage its payables has fluctuated over the past five years. This change may be influenced by various factors such as changes in the company's payment terms, supplier relationships, and its internal cash management strategies.
Peer comparison
Dec 31, 2023