Mativ Holdings Inc. (MATV)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 14.93 | 11.87 | 11.87 | 15.82 | 13.49 | |
| Number of days of payables | days | 24.44 | 30.75 | 30.75 | 23.08 | 27.05 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.93
= 24.44
The number of days of payables for Mativ Holdings Inc has fluctuated over the past five years. In 2023, the company took approximately 30.44 days, on average, to pay its suppliers and vendors. This represents a decrease compared to the previous year, indicating that Mativ Holdings Inc is managing its payables more efficiently. The number of days of payables in 2023 is also lower than the levels seen in 2021 and 2019, suggesting improved liquidity management.
However, it is important to note that the number of days of payables in 2022 was considerably higher at 47.62 days, which may indicate that the company faced challenges in meeting its payment obligations promptly during that period. Overall, the decreasing trend in the number of days of payables from 2022 to 2023 is a positive sign of efficient cash flow management and potentially stronger supplier relationships for Mativ Holdings Inc.
Peer comparison
Dec 31, 2023