Mondelez International Inc (MDLZ)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 2.67 | 2.67 | 2.60 | 2.60 | 2.65 | |
| Number of days of payables | days | 136.49 | 136.75 | 140.64 | 140.46 | 137.55 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.67
= 136.49
The number of days of payables for Mondelez International Inc. has fluctuated over the past five years. In 2023, the number of days of payables was 136.49 days, a slight decrease from 136.75 days in 2022. This indicates that the company took slightly fewer days to pay its suppliers in 2023 compared to the previous year.
Looking further back, in 2021, the number of days of payables increased to 140.64 days, before decreasing to 140.46 days in 2020. The trend then reversed in 2019, with the number of days of payables decreasing to 137.55 days.
Overall, a lower number of days of payables suggests that Mondelez International Inc. is paying its suppliers more quickly, which could be a positive sign of strong liquidity and efficient management of working capital. However, it is important to consider the industry norms and specific circumstances of the company when interpreting this ratio.
Peer comparison
Dec 31, 2023