General Motors Company (GM)

Number of days of payables

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		0.09	0.07	0.07	0.07	0.04	4.07	4.23	4.34	5.37	5.64	4.90	5.14	5.29	5.73	7.92	6.00	5.70	6.17	5.81	6.80
Number of days of payables	days	4,114.52	5,018.67	5,073.23	5,295.79	9,195.59	89.61	86.24	84.11	68.00	64.71	74.42	71.01	68.99	63.70	46.11	60.84	63.98	59.14	62.86	53.64

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 varied over the past eight quarters. The trend indicates that the company has been taking longer to pay its suppliers, as the number of days of payables has generally been increasing. For the most recent quarter, ending on December 31, 2023, the number of days of payables stood at 72.61 days, which is a decrease from the previous quarter. This suggests that the company may have been managing its payables more efficiently during this period. However, it is important to monitor this ratio closely in the upcoming quarters to assess whether this trend continues or changes. Overall, a higher number of days of payables may indicate that General Motors is taking longer to settle its obligations to suppliers, potentially impacting its working capital and cash flow position.