Owens Corning Inc (OC)

Owens Corning's number of days of payables has fluctuated over the past five years. A higher number of days of payables indicates that the company is taking longer to pay its suppliers, which may suggest potential liquidity challenges or a deliberate strategy to manage cash flow.

In 2023, Owens Corning's number of days of payables decreased to 63.46 days from 68.71 days in 2022, indicating an improvement in the company's ability to manage its payables more efficiently. This could be a positive sign of effective working capital management.

Compared to 2019, the number of days of payables has steadily increased over the years, showing a trend of Owens Corning taking longer to pay its suppliers. This trend could be a deliberate strategy by the company to preserve cash or negotiate more favorable payment terms with suppliers. However, a significant increase in days of payables over an extended period may raise concerns about the company's financial health and supplier relationships.

Overall, monitoring Owens Corning's number of days of payables provides insights into the company's liquidity, operational efficiency, and relationship with suppliers. It is essential to assess this ratio in conjunction with other financial indicators to gain a comprehensive understanding of the company's financial performance and position.