Interpublic Group of Companies Inc (IPG)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 1.87 | 1.92 | 1.65 | 1.93 | 2.04 | |
| Number of days of payables | days | 194.85 | 190.19 | 221.18 | 189.16 | 178.72 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.87
= 194.85
The number of days of payables for Interpublic Group Of Cos., Inc. is not provided in the table. However, based on the formula for calculating number of days of payables, which is (Accounts Payable / Cost of Goods Sold) x Number of Days in the Period, it is an important metric to assess how long the company takes to pay its suppliers. By analyzing this ratio over time, stakeholders can evaluate the company's payment practices and its relationship with suppliers. It could indicate whether the company is managing its working capital efficiently or potentially facing liquidity issues. Further analysis would be needed to understand the trend and implications of the number of days of payables for Interpublic Group Of Cos., Inc.
Peer comparison
Dec 31, 2023