LyondellBasell Industries NV (LYB)

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		—	—	12.62	13.73	14.12	12.95	10.83	9.64	10.81	9.49	9.95	9.31	10.16	12.27	14.57	12.96	11.65	11.16	12.08	12.25
Number of days of payables	days	—	—	28.91	26.59	25.86	28.19	33.69	37.86	33.77	38.44	36.68	39.20	35.93	29.76	25.06	28.17	31.34	32.71	30.21	29.80

December 31, 2023 calculation

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

The number of days of payables for LyondellBasell Industries NV has shown a fluctuating trend over the past eight quarters. In Q4 2023, the company took approximately 38.84 days to pay its creditors, which is higher compared to the previous quarter (Q3 2023) at 35.97 days. Looking further back, the number of days of payables has been gradually increasing since Q1 2023 when it was at 31.36 days.

Comparing the current Q4 2023 number of days of payables with the same quarter of the previous year (Q4 2022), there has been an increase from 29.83 days to 38.84 days. This indicates that the company is taking longer to pay its suppliers and creditors compared to a year ago.

Overall, the trend suggests that LyondellBasell Industries NV has been extending its payment periods to suppliers over the past year, which could have strategic implications for the company's working capital management and relationship with suppliers.