O-I Glass Inc (OI)
Number of days of payables
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 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 | 4.81 | 6.22 | 6.05 | 5.95 | |
| Number of days of payables | days | 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 | 75.82 | 58.65 | 60.34 | 61.38 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.28
= 85.31
The number of days of payables for O-I Glass Inc has fluctuated over the past years, indicating varying levels of efficiency in managing its accounts payable.
In the most recent period ending on December 31, 2023, the company took on average around 85.31 days to pay its suppliers. This represents an increase compared to the previous quarter, suggesting a potential slowdown in the payment process.
Looking back over the previous quarters, there has been some variability in the number of days of payables, ranging from a low of 56.33 days to a high of 85.31 days. This variability may indicate changes in the company's payment policies, supplier relationships, or overall financial performance.
Overall, analyzing the number of days of payables provides insights into O-I Glass Inc's working capital management and vendor payment practices. A higher number of days of payables may reflect a more lenient payment policy, potentially benefiting cash flow in the short term but could also indicate strained supplier relationships if prolonged. On the other hand, a lower number of days of payables may suggest efficient liquidity management but could lead to potential cash flow challenges if not effectively managed.