Altria Group (MO)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 17.53 | 11.47 | 15.57 | 35.68 | 22.82 | |
| Number of days of payables | days | 20.83 | 31.82 | 23.45 | 10.23 | 16.00 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 17.53
= 20.83
The number of days of payables for Altria Group Inc. has been increasing over the past five years, indicating that the company is taking longer to pay its suppliers. In 2023, the number of days of payables was 34.16 days, compared to 31.28 days in 2022, 23.02 days in 2021, 17.74 days in 2020, and 16.74 days in 2019. This trend suggests a potential slowdown in the company's cash conversion cycle and could imply a deteriorating relationship with its suppliers. Companies typically aim to strike a balance between managing their payables efficiently and maintaining good relationships with suppliers to ensure a smooth supply chain.
Peer comparison
Dec 31, 2023