Newell Brands Inc (NWL)
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 | 8.30 | 7.32 | 7.84 | 7.39 | 7.91 | 6.04 | 5.28 | 5.55 | 5.42 | 5.61 | 5.95 | 5.93 | 6.61 | 8.17 | 9.93 | 11.08 | 9.06 | 16.49 | 16.27 | 18.32 | |
| Number of days of payables | days | 43.98 | 49.88 | 46.57 | 49.40 | 46.13 | 60.39 | 69.11 | 65.72 | 67.34 | 65.12 | 61.35 | 61.57 | 55.20 | 44.66 | 36.76 | 32.94 | 40.28 | 22.14 | 22.43 | 19.92 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.30
= 43.98
The number of days of payables for Newell Brands Inc has fluctuated over the past eight quarters. In Q4 2023, the company had 63.34 days of payables, which was lower compared to the previous quarter. This suggests that the company took slightly fewer days to pay its suppliers. However, the number of days of payables in Q4 2023 was higher than in Q4 2022, indicating a longer payment period compared to the same quarter of the previous year.
Overall, the trend in the number of days of payables for Newell Brands Inc has shown variability, with fluctuations observed from quarter to quarter. It is important to monitor this metric closely to assess the company's ability to manage its payables effectively and maintain good relationships with suppliers.
Peer comparison
Dec 31, 2023