O-I Glass Inc (OI)
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 | 5.45 | 5.51 | 5.30 | 5.17 | 4.28 | 4.94 | 4.72 | 4.73 | 4.57 | 5.23 | 5.09 | 5.11 | 4.82 | 5.42 | 5.56 | 5.72 | 5.12 | 6.43 | 6.48 | 5.95 | |
| Number of days of payables | days | 66.94 | 66.20 | 68.90 | 70.56 | 85.31 | 73.92 | 77.39 | 77.10 | 79.95 | 69.84 | 71.65 | 71.38 | 75.75 | 67.34 | 65.65 | 63.78 | 71.32 | 56.77 | 56.33 | 61.36 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.45
= 66.94
The number of days of payables for O-I Glass Inc has shown some fluctuation over the past few years. As of December 31, 2024, the company had 66.94 days of payables outstanding, indicating the average number of days it takes for the company to pay its suppliers. This figure has decreased since the beginning of 2024, where it was at 70.56 days.
Looking at the trend over the years, we observed that the number of days of payables ranged from a low of 56.33 days on June 30, 2020, to a high of 85.31 days on December 31, 2023. This implies that the company has been oscillating in its payment cycle efficiency. Additionally, the data suggests that the company has generally been able to manage its payables effectively, maintaining a reasonable balance between timely payments and liquidity management.
It is important for investors and stakeholders to monitor changes in the number of days of payables as they can provide insights into the company's cash flow management, relationships with suppliers, and overall financial health.