Mativ Holdings Inc. (MATV)
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 | 16.63 | 19.26 | 12.39 | 9.53 | 11.87 | 6.31 | 9.54 | 9.28 | 8.58 | 8.53 | 7.71 | 10.96 | 11.60 | 10.45 | 12.76 | 10.08 | 10.27 | 10.62 | 10.70 | 8.57 | |
| Number of days of payables | days | 21.95 | 18.95 | 29.47 | 38.29 | 30.75 | 57.86 | 38.25 | 39.33 | 42.56 | 42.81 | 47.34 | 33.31 | 31.47 | 34.92 | 28.60 | 36.22 | 35.53 | 34.37 | 34.10 | 42.60 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 16.63
= 21.95
To analyze Mativ Holdings Inc's number of days of payables, we observe variations over the past eight quarters. The number of days of payables measures how long, on average, the company takes to pay its suppliers for goods and services received. A lower number of days indicates that the company is paying its suppliers more quickly, while a higher number suggests that payments are taking longer.
In Q4 2023, Mativ Holdings Inc had 30.44 days of payables, a slight increase from the previous quarter (Q3 2023) where it stood at 26.47 days. This indicates that the company's payment period to suppliers extended by approximately 4 days.
Comparing Q4 2023 to the same quarter in the previous year (Q4 2022), there seems to be an improvement as the number of days of payables decreased from 47.62 days to 30.44 days. This implies that the company has become more efficient in managing its payables.
However, the number of days of payables has experienced fluctuations throughout the quarters, with peaks in Q1 2023 (46.60 days) and Q3 2022 (57.84 days). These increases suggest potential cash flow challenges or changes in the company's payment policies during those periods.
Overall, a detailed analysis of Mativ Holdings Inc's number of days of payables indicates fluctuations in the efficiency of paying suppliers. It is essential for the company to monitor and manage this metric effectively to ensure healthy supplier relationships and cash flow management.
Peer comparison
Dec 31, 2023