O-I Glass Inc (OI)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 4.80 | 3.90 | 4.57 | 4.82 | 5.12 | |
| Number of days of payables | days | 75.98 | 93.51 | 79.92 | 75.79 | 71.32 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.80
= 75.98
O-I Glass Inc's number of days of payables has shown a fluctuating trend over the past five years. The number of days of payables increased from 71.32 days as of December 31, 2020, to 93.51 days as of December 31, 2023, representing a substantial increase in the time it takes the company to pay its suppliers. However, there was a decrease to 75.98 days as of December 31, 2024, indicating a slight improvement in the management of payables compared to the previous year.
Overall, the trend suggests that O-I Glass Inc may be taking longer to settle its accounts with suppliers, which could have implications for its liquidity management and supplier relationships. It is important for the company to closely monitor and manage its payables to ensure efficient cash flow and maintain positive relationships with vendors.