Newell Brands Inc (NWL)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		8.30	8.62	5.76	6.61	9.27
Number of days of payables	days	43.96	42.36	63.33	55.22	39.37

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.30
= 43.96

Newell Brands Inc exhibited a fluctuating trend in its number of days of payables over the past five years. In 2023, the company took approximately 63.34 days to pay off its obligations to suppliers, showing an increase from the prior year. This suggests that Newell Brands extended its payment period to suppliers compared to the year before, which may indicate a more lenient approach towards managing its accounts payable. However, it is important to note that the company's payables days were lower than in 2021, indicating a potential improvement in its efficiency in managing supplier payments. Overall, this metric provides insight into the company's liquidity management and relationship with its suppliers.