LyondellBasell Industries NV (LYB)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		—	14.12	10.81	10.16	11.65
Number of days of payables	days	—	25.86	33.77	35.93	31.34

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —

The number of days of payables for LyondellBasell Industries NV has fluctuated over the past five years. In 2023, the company took an average of 38.84 days to pay its suppliers, which was an increase compared to the previous year. This indicates that the company may be taking longer to settle its payables in 2023.

Comparing this to the data from 2021 and 2020, where the number of days of payables was 41.88 days and 44.17 days respectively, there seems to be a decreasing trend in the time taken by the company to pay its suppliers. It is worth noting that in 2022, the number of days of payables decreased significantly to 29.83 days, suggesting a more efficient payment process during that period.

Overall, the analysis of the number of days of payables for LyondellBasell Industries NV indicates some variability in the company's payment practices over the past five years. Further investigation into the reasons behind these fluctuations could provide valuable insights into the company's financial management and relationship with its suppliers.