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

Company name
Symbol
Number of days of payables
Mativ Holdings Inc.
MATV
21.95
International Paper
IP
58.57
Sylvamo Corp
SLVM
65.20