Koppers Holdings Inc (KOP)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.76 | 8.96 | 9.12 | 9.91 | 10.15 | |
| Number of days of payables | days | 37.42 | 40.72 | 40.04 | 36.83 | 35.95 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.76
= 37.42
Koppers Holdings Inc's number of days of payables has shown a decreasing trend over the past five years. As of Dec 31, 2023, the company takes approximately 42.82 days to pay its payables, compared to 46.27 days in the prior year. This signifies that the company has been managing its payables more efficiently, potentially negotiating better payment terms with suppliers or improving internal processes. A lower number of days of payables indicates that the company is able to settle its accounts payable more quickly, which could positively impact cash flow and liquidity. However, it's essential to monitor this ratio over time to ensure that the company maintains a balance between managing payables effectively and maintaining good relationships with suppliers.
Peer comparison
Dec 31, 2023