Quaker Chemical Corporation (KWR)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.43 | 9.54 | 9.87 | 7.22 | 7.22 | |
| Number of days of payables | days | 43.31 | 38.27 | 36.99 | 50.53 | 50.53 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.43
= 43.31
Quaker Chemical Corporation's number of days of payables has shown a consistent trend over the past five years. It stood at 50.53 days as of December 31, 2020, and also remained at the same level as of December 31, 2021. However, there was a noticeable decline in the number of days of payables in the following years, decreasing to 36.99 days as of December 31, 2022, and further to 38.27 days as of December 31, 2023. By the end of December 31, 2024, the number of days of payables had increased slightly to 43.31 days. This indicates that the company is managing its payables more efficiently in recent years, potentially improving its working capital management or negotiating better terms with its suppliers.
Peer comparison
Dec 31, 2024