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

Company name
Symbol
Number of days of payables
Graphic Packaging Holding Company
GPK
48.48
Packaging Corp of America
PKG
21.93
Smurfit WestRock plc
SW
Sonoco Products Company
SON
43.10