Graphic Packaging Holding Company (GPK)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.55 | 7.60 | 6.02 | 6.62 | 7.08 | |
| Number of days of payables | days | 48.37 | 48.01 | 60.64 | 55.15 | 51.58 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.55
= 48.37
Graphic Packaging Holding Co's number of days of payables has shown some variability over the past five years. In 2023, the company took approximately 54.62 days to pay its suppliers, which is slightly higher compared to the previous year. In 2022, the number of days of payables was 53.86 days, indicating a relatively efficient payment cycle. However, in 2021, the company took longer to pay its payables, with the number of days stretching to 67.48 days. This increase could suggest potential challenges in managing working capital during that period. The company improved its payables management in 2020, as reflected in the decrease to 55.15 days compared to the previous year's 51.58 days. Overall, analyzing the trend in Graphic Packaging Holding Co's number of days of payables can provide insights into the company's liquidity position and its ability to manage its cash flow effectively.
Peer comparison
Dec 31, 2023