Enviri Corporation (NVRI)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.23 | 7.56 | 8.01 | 7.57 | 1.57 | |
| Number of days of payables | days | 44.37 | 48.31 | 45.58 | 48.22 | 232.83 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.23
= 44.37
The number of days of payables for Enviri Corp has shown a decreasing trend over the past five years, indicating an improvement in the company's ability to pay its suppliers. In 2023, the company took approximately 44.37 days to settle its payables, compared to 48.31 days in 2022, 45.58 days in 2021, 53.03 days in 2020, and 56.38 days in 2019. This suggests that Enviri Corp has been managing its payables more efficiently, which could be attributed to better cash flow management or negotiation with suppliers. Overall, the decreasing number of days of payables is a positive indicator of the company's financial health and operational effectiveness in managing its short-term liabilities.