Innospec Inc (IOSP)

Number of days of payables

		Dec 31, 2024	Sep 30, 2024	Jun 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
Payables turnover		10.84	9.83	11.41	10.46	10.76	12.08	11.45	10.03	10.55	9.57	8.52	8.90	8.91	9.03	9.26	9.83	11.63	14.72	17.46	12.28
Number of days of payables	days	33.66	37.13	31.98	34.91	33.93	30.21	31.89	36.38	34.59	38.16	42.82	41.02	40.99	40.43	39.41	37.14	31.40	24.80	20.91	29.71

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.84
= 33.66

The number of days of payables for Innospec Inc has shown some fluctuations over the years, indicating the company's ability to manage its accounts payable effectively. From March 31, 2020, to December 31, 2024, the number of days of payables ranged from approximately 20.91 days to 42.82 days.

In general, a lower number of days of payables suggests that the company is paying its suppliers more quickly, which can be beneficial for maintaining good relationships with suppliers. On the other hand, a higher number of days of payables may indicate that the company is taking longer to pay its bills, potentially signaling cash flow management or liquidity challenges.

Innospec Inc's trend in days of payables indicates that there have been fluctuations in the company's payment behavior over the years. For example, the number of days of payables increased from around 20.91 days in June 2020 to about 42.82 days in June 2022, before decreasing to around 33.66 days by December 2024.

Overall, it is important for stakeholders to analyze the changes in the number of days of payables in conjunction with other financial metrics to gain a more comprehensive understanding of Innospec Inc's financial health and operational efficiency.