Owens Corning Inc (OC)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.19 | 5.94 | 5.49 | 5.90 | 7.46 | |
| Number of days of payables | days | 58.97 | 61.50 | 66.44 | 61.88 | 48.92 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.19
= 58.97
Based on the data provided, Owens Corning Inc's number of days of payables has shown an increasing trend over the five-year period from December 31, 2020, to December 31, 2024. The number of days of payables has increased from 48.92 days in 2020 to 58.97 days in 2024.
This indicates that, on average, Owens Corning is taking longer to pay off its trade payables over the years, which may suggest a change in its payment terms or cash flow management strategy. It is important to monitor this trend closely as a significant increase in the number of days of payables could potentially indicate liquidity concerns or strain on the company's working capital management.