Ingevity Corp (NGVT)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 17.96 | 10.18 | 7.64 | 8.68 | 9.07 | |
| Number of days of payables | days | 20.32 | 35.86 | 47.77 | 42.05 | 40.26 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 17.96
= 20.32
The number of days of payables for Ingevity Corp has shown some fluctuations over the years. It was 40.26 days as of December 31, 2020, increased to 42.05 days by December 31, 2021, then further rose to 47.77 days by December 31, 2022. However, there was a significant drop to 35.86 days by December 31, 2023, followed by a substantial decrease to just 20.32 days by December 31, 2024.
Overall, the trend in the number of days of payables suggests variations in the company's payment terms and possibly its ability to manage its payables efficiently. Monitoring this ratio over time can provide insights into the company's working capital management and relationships with its suppliers.
Peer comparison
Dec 31, 2024