Louisiana-Pacific Corporation (LPX)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | — | — | — | — | |
| Number of days of payables | days | — | — | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
Louisiana-Pacific Corp.'s number of days of payables has exhibited fluctuations over the past five years. The trend indicates that the company took, on average, around 25 to 28 days to pay its suppliers during this period.
In 2023, the number of days of payables decreased slightly to 25.89 days from 27.59 days in 2022, which may suggest that the company improved its ability to manage its payment terms with suppliers.
Comparing 2023 to 2020 and 2019, the number of days of payables increased, indicating that Louisiana-Pacific Corp. took longer to pay its suppliers in those years. This could be due to changes in the company's working capital management strategies or fluctuations in the industry environment.
Overall, monitoring the number of days of payables can provide insights into the company's liquidity position, cash flow management, and relationships with suppliers.
Peer comparison
Dec 31, 2023