Graphic Packaging Holding Company (GPK)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.91 | 7.55 | 7.60 | 6.02 | 6.62 | |
| Number of days of payables | days | 52.86 | 48.37 | 48.01 | 60.64 | 55.15 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.91
= 52.86
The number of days of payables for Graphic Packaging Holding Company has shown fluctuations over the years. In 2020, it was 55.15 days, increasing to 60.64 days in 2021 before decreasing to 48.01 days in 2022. The trend continued with a slight increase to 48.37 days in 2023 and a further rise to 52.86 days in 2024. The variations in the number of days of payables indicate changes in the company's payment terms and efficiency in managing its accounts payable. It is important to monitor this metric to assess the company's liquidity and working capital management.
Peer comparison
Dec 31, 2024
Company name
Symbol
Number of days of payables
Graphic Packaging Holding Company
GPK
52.86
Packaging Corp of America
PKG
21.94
Smurfit WestRock plc
SW
—
Sonoco Products Company
SON
47.21