Quaker Chemical Corporation (KWR)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 8.43 | 8.72 | 9.14 | 9.03 | 9.54 | 10.13 | 9.95 | 8.93 | 9.87 | 8.57 | 7.15 | 6.68 | 7.22 | 7.19 | 6.81 | 6.45 | 7.22 | 8.60 | 10.95 | 7.40 | |
| Number of days of payables | days | 43.31 | 41.87 | 39.95 | 40.42 | 38.27 | 36.04 | 36.70 | 40.87 | 36.99 | 42.57 | 51.08 | 54.61 | 50.53 | 50.79 | 53.59 | 56.57 | 50.53 | 42.42 | 33.34 | 49.33 |
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 fluctuations over the years based on the provided data. The number of days of payables ranges from a low of 33.34 days as of June 30, 2020, to a high of 56.57 days as of March 31, 2021. This indicates the time it takes for the company to pay its suppliers or creditors.
Overall, the trend in the number of days of payables appears to have some variability but has generally remained within a moderate range throughout the periods analyzed. The company seems to have managed its payables effectively, as there are no extreme fluctuations that would raise concerns about its ability to settle its obligations in a timely manner.
It is important to note that changes in the number of days of payables can be influenced by various factors, including the company's payment terms with suppliers, cash flow management, and overall financial strategy. For Quaker Chemical Corporation, a consistent monitoring of this ratio can provide insights into its working capital management and financial health.
Peer comparison
Dec 31, 2024