International Paper (IP)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.23 | 6.09 | 6.03 | 7.92 | 7.10 | |
| Number of days of payables | days | 58.57 | 59.91 | 60.53 | 46.07 | 51.44 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.23
= 58.57
The number of days of payables for International Paper Co. has been relatively stable over the past five years, ranging from 57.92 days in 2019 to 68.77 days in 2021. The metric measures the average number of days a company takes to pay its suppliers and reflects its payment terms and efficiency in managing its trade payables.
In 2023, the number of days of payables increased slightly to 65.40 days compared to the prior year, indicating a moderate extension in the company's payment period. This could suggest that International Paper Co. is taking slightly longer to settle its obligations to suppliers, which may help improve its cash flow position in the short term.
Overall, the trend in the number of days of payables for International Paper Co. shows consistency and stability in managing its trade payables, with minor fluctuations observed over the years.
Peer comparison
Dec 31, 2023