Howmet Aerospace Inc (HWM)
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 | 5.51 | 5.93 | 5.85 | 5.62 | 4.89 | 5.61 | 5.45 | 5.53 | 5.78 | 6.28 | 6.39 | 7.09 | 9.99 | 16.44 | 16.96 | 7.39 | 11.11 | 3.82 | 2.22 | 0.55 | |
| Number of days of payables | days | 66.22 | 61.60 | 62.40 | 64.90 | 74.63 | 65.01 | 66.92 | 66.03 | 63.16 | 58.15 | 57.13 | 51.49 | 36.54 | 22.21 | 21.52 | 49.40 | 32.87 | 95.60 | 164.59 | 662.62 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.51
= 66.22
To analyze Howmet Aerospace Inc's number of days of payables, we observe the trend over the past eight quarters. The number of days of payables measures the average number of days it takes for the company to pay its suppliers and vendors.
From Q4 2022 to Q3 2023, the number of days of payables decreased from 85.58 days to 70.13 days, showing an improvement in the company's ability to manage its payables more efficiently. However, in Q4 2023, there was a slight increase to 75.10 days compared to the previous quarter.
Over the past eight quarters, the number of days of payables fluctuated between 70.13 days and 85.58 days, indicating some variability in Howmet Aerospace Inc's payables management. It is important to monitor this ratio closely as a lower number of days of payables may indicate a more aggressive approach to managing working capital, while a higher number may suggest potential liquidity issues or strained relationships with suppliers. Further analysis of the company's cash flow management and supplier relationships would provide more insights into the effectiveness of its payables strategy.
Peer comparison
Dec 31, 2023