Graphic Packaging Holding Company (GPK)
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 | 7.53 | 8.90 | 8.53 | 8.41 | 7.52 | 8.25 | 7.69 | 7.09 | 6.02 | 7.01 | 7.19 | 7.33 | 6.62 | 7.20 | 7.61 | 8.16 | 7.08 | 8.11 | 7.84 | 8.26 | |
| Number of days of payables | days | 48.48 | 41.01 | 42.77 | 43.41 | 48.53 | 44.26 | 47.44 | 51.50 | 60.64 | 52.04 | 50.76 | 49.81 | 55.15 | 50.70 | 47.95 | 44.73 | 51.58 | 45.03 | 46.55 | 44.18 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.53
= 48.48
The number of days of payables for Graphic Packaging Holding Co has shown some variability over the past eight quarters. In Q4 2023, the company took an average of 54.62 days to pay its suppliers, which was an increase compared to the previous quarter (Q3 2023) when it took 46.20 days. However, this figure was still lower than the number of days of payables in Q4 2022 which was 53.86 days.
Overall, the trend has been relatively stable over the past two years with the number of days of payables fluctuating between a range of 46.20 days to 57.35 days. This indicates that Graphic Packaging Holding Co has been managing its payables effectively, neither excessively delaying payments to suppliers nor paying too quickly. Further analysis and comparison with industry benchmarks may provide additional insights into the company's payment practices and relationships with suppliers.
Peer comparison
Dec 31, 2023