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.