The Mosaic Company (MOS)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.84 | 10.34 | 7.26 | 9.90 | 11.77 | |
| Number of days of payables | days | 37.08 | 35.29 | 50.25 | 36.86 | 31.01 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.84
= 37.08
The number of days of payables for Mosaic Company has shown a decreasing trend over the past five years. The company took 49.79 days to pay its suppliers in 2023, compared to 55.80 days in 2022, 79.89 days in 2021, 67.52 days in 2020, and 64.76 days in 2019. This indicates that Mosaic Company has been able to manage its payables more efficiently and has been paying its suppliers at a quicker pace in recent years. The declining trend suggests that the company may be improving its working capital management and relationships with suppliers. It is important to continue monitoring this ratio to ensure sustainable cash flow management.
Peer comparison
Dec 31, 2023