Quaker Chemical Corporation (KWR)
Number of days of payables
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 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 | 6.73 | 5.37 | 8.32 | 8.70 | |
| Number of days of payables | days | 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 | 54.20 | 67.98 | 43.87 | 41.93 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.54
= 38.27
Based on the historical trend of Quaker Houghton's number of days of payables, it is observed that there has been stability in the average number of days the company takes to pay its suppliers. The number of days of payables has ranged from 53.20 days to 75.90 days over the past eight quarters. In the latest quarter, Q4 2023, the company took 54.07 days to pay its payables, which is relatively consistent with the previous three quarters.
Overall, Quaker Houghton appears to have maintained a steady payment cycle to its suppliers, indicating a consistent approach to managing its accounts payable. However, it is important to keep monitoring this metric to ensure efficient cash flow management and supplier relationships.
Peer comparison
Dec 31, 2023