O-I Glass Inc (OI)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 4.28 | 4.57 | 4.82 | 5.12 | 4.82 | |
| Number of days of payables | days | 85.33 | 79.92 | 75.79 | 71.32 | 75.79 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.28
= 85.33
The number of days of payables for O-I Glass Inc has shown a fluctuating trend over the past five years. In 2023, the company took an average of 85.33 days to pay its suppliers, which represents an increase compared to the previous year. This may indicate that O-I Glass Inc is taking longer to settle its payables, which could potentially strain its relationships with suppliers if prolonged. It is important for the company to carefully manage its payables to maintain a positive working capital position and ensure smooth operations.