Owens Corning Inc (OC)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 5.60 | 4.16 | 3.88 | 4.53 | 4.48 | 4.65 | 4.57 | 4.46 | 4.11 | 5.02 | 4.83 | 4.64 | 5.40 | — | — | — | 5.65 | — | — | — | |
| Number of days of payables | days | 65.19 | 87.79 | 94.15 | 80.63 | 81.44 | 78.46 | 79.92 | 81.88 | 88.84 | 72.65 | 75.53 | 78.60 | 67.62 | — | — | — | 64.55 | — | — | — |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.60
= 65.19
Owens Corning Inc's number of days of payables, a measure of how long the company takes to pay its suppliers, has shown fluctuations over the past years. As of December 31, 2024, the number of days of payables was 65.19 days, indicating that Owens Corning Inc typically takes approximately 65 days to settle its payables.
The trend in the number of days of payables shows some variability, with an increase in days noted in June 2024 (94.15 days), followed by a decline in September 2024 (87.79 days). Overall, the company's payment period to suppliers seems to have stabilized around the 65-95 day range based on the most recent data available.
It is essential for stakeholders to monitor this metric, as a significant change in the number of days of payables could have implications for the company's liquidity, cash flow management, and supplier relationships.