Howmet Aerospace Inc (HWM)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 5.51 | 4.89 | 5.78 | 7.73 | 13.99 | |
| Number of days of payables | days | 66.22 | 74.63 | 63.16 | 47.21 | 26.08 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.51
= 66.22
The number of days of payables for Howmet Aerospace Inc has shown fluctuations over the past five years. As of December 31, 2023, the company took an average of 75.10 days to pay its outstanding payables, representing a decrease from the previous year's 85.58 days. This suggests an improvement in the company's ability to manage its payables efficiently.
Comparing to the data from December 31, 2021, which stood at 74.30 days, there has been a slight increase in the number of days of payables in 2023. However, when observing a longer-term trend, there has been an upward trajectory since 2020 when the number of days of payables was at 56.38 days.
Despite the fluctuations, it is important to assess the number of days of payables in conjunction with other financial metrics to gain a comprehensive understanding of Howmet Aerospace Inc's financial health and operational efficiency.
Peer comparison
Dec 31, 2023