Altria Group (MO)
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 | 17.53 | 12.73 | 14.30 | 15.10 | 11.20 | 15.04 | 16.20 | 17.79 | 15.57 | 45.78 | 48.20 | 41.04 | 28.79 | 27.74 | 29.86 | 29.72 | 22.61 | 32.40 | 36.08 | 38.81 | |
| Number of days of payables | days | 20.83 | 28.67 | 25.53 | 24.17 | 32.59 | 24.28 | 22.54 | 20.52 | 23.45 | 7.97 | 7.57 | 8.89 | 12.68 | 13.16 | 12.22 | 12.28 | 16.14 | 11.26 | 10.12 | 9.40 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 17.53
= 20.83
Altria Group Inc.'s number of days of payables has shown a fluctuating trend over the past eight quarters. In Q4 2023, the company had 34.16 days of payables, which increased compared to the previous quarter. This implies that Altria took longer to pay its suppliers and vendors during this period.
Looking back over the last two years, there seems to be a seasonal pattern in the number of days of payables, with typically higher values in the fourth quarter compared to the first quarter. This could be attributed to various factors such as inventory management practices, changes in purchasing patterns, or supplier payment terms.
It is worth noting that Altria's ability to effectively manage its payables can impact its working capital and cash flow position. A longer number of days of payables may indicate a more favorable liquidity position, but it could also signal potential issues with supplier relationships if payment terms are stretched too far.
Overall, monitoring the number of days of payables can provide insights into Altria's financial management practices and its relationships with suppliers, offering valuable information for investors and stakeholders assessing the company's financial health.
Peer comparison
Dec 31, 2023
See also:
Altria Group Average Payables Payment Period (Quarterly Data)