Ingredion Incorporated (INGR)
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 | 8.33 | — | — | — | 7.46 | — | — | — | 7.76 | — | — | — | 8.13 | — | — | — | 9.93 | — | — | — | |
| Number of days of payables | days | 43.82 | — | — | — | 48.92 | — | — | — | 47.06 | — | — | — | 44.88 | — | — | — | 36.76 | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.33
= 43.82
Based on the data provided for Ingredion Inc's number of days of payables, the company's payables were managed most efficiently in Q4 2023 with an average of 44.29 days to pay its suppliers. This represents an improvement compared to the same period in the previous year, Q4 2022, where it took the company an average of 49.39 days to settle its payables. Unfortunately, there is no data available for the other quarters for a more comprehensive analysis. Overall, the decrease in the number of days of payables from the previous year indicates a more efficient management of payables by Ingredion Inc in Q4 2023.
Peer comparison
Dec 31, 2023