Omnicom Group Inc (OMC)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 1.10 | 1.11 | 1.02 | 1.03 | 1.09 | |
| Number of days of payables | days | 332.30 | 328.95 | 359.13 | 354.50 | 334.76 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.10
= 332.30
To analyze Omnicom Group, Inc.'s number of days of payables, we would need data for the accounts payable and cost of sales figures for each year. Without this information, it is not possible to calculate the number of days of payables accurately. The number of days of payables ratio is calculated by dividing the average accounts payable by the cost of sales and then multiplying the result by 365. This ratio helps in assessing how many days, on average, the company takes to pay its suppliers.
Therefore, to conduct a thorough analysis of Omnicom Group, Inc.'s number of days of payables, we would need access to additional financial data to calculate the ratio accurately for each respective year.
Peer comparison
Dec 31, 2023