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.
Peer comparison
Dec 31, 2023