International Flavors & Fragrances Inc (IFF)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 10.31 | 10.12 | 7.57 | 7.48 | 8.08 | |
| Number of days of payables | days | 35.39 | 36.08 | 48.21 | 48.82 | 45.15 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.31
= 35.39
International Flavors & Fragrances Inc. has shown fluctuating trends in its number of days of payables over the past five years, indicating variations in its ability to settle its trade payables. In 2023, the company took approximately 64.50 days to pay its creditors, which is slightly higher compared to the previous year where it took around 62.44 days. This suggests a slight deterioration in the efficiency of managing its accounts payable.
When compared to the data from 2021 and 2020, where the number of days of payables were 70.59 and 67.65 days respectively, there seems to be an improvement in 2023. However, the company's performance in managing payables is still higher than in 2019, where it took 61.53 days.
Overall, the longer the number of days of payables, the longer the company is taking to settle its trade payables, which may indicate potential liquidity issues or inefficiencies in managing its working capital. It is important for International Flavors & Fragrances Inc. to carefully assess and manage its payables to ensure optimal cash flow and operational efficiency.
Peer comparison
Dec 31, 2023