Quaker Chemical Corporation (KWR)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.54 | 9.87 | 7.22 | 7.22 | 6.73 | |
| Number of days of payables | days | 38.27 | 36.99 | 50.53 | 50.53 | 54.20 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.54
= 38.27
The number of days of payables for Quaker Houghton has shown a fluctuating trend over the past five years. As of December 31, 2023, the company takes approximately 54.07 days to pay its suppliers, which is slightly higher compared to the previous year at 53.20 days.
Looking further back, in 2021, the number of days of payables was noticeably lower at 70.92 days, indicating that the company was able to manage its payables more efficiently during that period. In the preceding years, Quaker Houghton took longer to pay its suppliers, with the number of days of payables ranging from 77.43 days in 2020 to 80.79 days in 2019.
The decreasing trend in the number of days of payables from 2021 to 2023 suggests an improvement in the company's ability to manage its outstanding payments to suppliers. This could indicate enhanced cash flow management or negotiation skills with vendors. However, it is important to monitor this ratio over time to assess the company's liquidity and supplier relationships effectively.
Peer comparison
Dec 31, 2023