International Business Machines (IBM)
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 | 6.82 | 8.28 | 7.67 | 6.67 | 8.23 | 7.36 | 7.44 | 6.87 | 7.35 | 7.40 | 7.69 | 6.54 | 3.48 | 4.22 | 5.03 | 6.03 | 6.12 | 5.29 | 6.16 | 5.35 | |
| Number of days of payables | days | 53.53 | 44.08 | 47.56 | 54.72 | 44.35 | 49.62 | 49.08 | 53.11 | 49.65 | 49.30 | 47.44 | 55.81 | 104.89 | 86.57 | 72.56 | 60.54 | 59.61 | 69.00 | 59.27 | 68.26 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.82
= 53.53
The number of days of payables for International Business Machines has fluctuated over the analyzed periods. As of December 31, 2019, the company took approximately 68.26 days to pay its suppliers. This metric decreased to 59.27 days by March 31, 2020, before increasing to around 69 days by June 30, 2020.
The trend then reversed, with the number of days of payables dropping to 59.61 days by September 30, 2020, and further declining to 60.54 days by December 31, 2020. Subsequently, there was an upward trend noted, reaching 72.56 days by March 31, 2021, and peaking at 104.89 days by September 30, 2021.
From that point onwards, there was a significant decrease observed in the number of days of payables. By December 31, 2021, the metric had decreased to 55.81 days, and this declining trend continued through the following periods, falling to 47.44 days by March 31, 2022.
As of September 30, 2024, International Business Machines had reduced its number of days of payables to 44.08 days. This suggests a potentially improved efficiency in managing its payables compared to the previous periods. Overall, a lower number of days of payables may indicate a more efficient use of working capital and cash management practices within the company.
Peer comparison
Dec 31, 2024
See also:
International Business Machines Average Payables Payment Period (Quarterly Data)