Graphic Packaging Holding Company (GPK)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 6.90 | 8.44 | 8.63 | 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 | |
| Number of days of payables | days | 52.91 | 43.26 | 42.28 | 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 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.90
= 52.91
The number of days of payables for Graphic Packaging Holding Company has shown fluctuations over the years based on the provided data. The company's trend indicates variability in the time it takes for Graphic Packaging to pay its suppliers.
From December 31, 2019, to December 31, 2024, there is a fluctuating pattern observed in the number of days of payables, ranging from a low of 41.01 days on September 30, 2023, to a high of 60.64 days on December 31, 2021. This suggests changes in the company's payment practices and relationship with suppliers.
It is important to note that a decrease in the number of days of payables could indicate a more efficient use of working capital or a more aggressive payment strategy, potentially straining liquidity. Conversely, an increase in the number of days of payables may indicate a more conservative approach, allowing the company to hold onto cash longer.
Overall, monitoring the trend in the number of days of payables can provide insights into Graphic Packaging Holding Company's financial management practices and relationships with its suppliers, which can impact its liquidity and working capital management.
Peer comparison
Dec 31, 2024