International Business Machines (IBM)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.75 | 6.67 | 6.87 | 6.54 | 6.03 | |
| Number of days of payables | days | 54.10 | 54.72 | 53.11 | 55.81 | 60.54 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.75
= 54.10
The number of days of payables for International Business Machines has shown a declining trend over the years, from 60.54 days as of December 31, 2020, to 55.81 days as of December 31, 2021, further decreasing to 53.11 days as of December 31, 2022. However, there was a slight increase to 54.72 days as of December 31, 2023, followed by a decrease to 54.10 days as of December 31, 2024. This trend may indicate that IBM has been managing its payables more efficiently, possibly negotiating better terms with suppliers or streamlining payment processes. A lower number of days of payables suggests that IBM is taking less time to pay its suppliers, which could positively impact its cash flow and working capital management.
Peer comparison
Dec 31, 2024
See also:
International Business Machines Average Payables Payment Period