International Flavors & Fragrances Inc (IFF)

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		10.31	10.50	11.44	11.98	10.12	9.47	7.72	7.41	7.57	7.27	5.61	4.23	7.48	8.25	7.04	7.94	6.52	7.89	6.60	5.95
Number of days of payables	days	35.41	34.77	31.90	30.48	36.08	38.56	47.26	49.26	48.21	50.23	65.07	86.33	48.82	44.23	51.83	45.94	56.01	46.25	55.30	61.32

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.31
= 35.41

International Flavors & Fragrances Inc. has shown fluctuations in its number of days of payables over the past eight quarters. In Q4 2023, the company had 64.50 days of payables, which increased compared to the previous quarter. However, it was still lower than the levels seen in Q2 and Q3 of 2022. This indicates that the company is taking longer to pay its suppliers in the most recent quarter. Overall, the trend in the number of days of payables for International Flavors & Fragrances Inc. suggests variations in the efficiency of managing its accounts payable over the past two years.