Omnicom Group Inc (OMC)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 1.08 | 1.10 | 1.11 | 1.02 | 1.03 | |
| Number of days of payables | days | 338.24 | 332.30 | 328.95 | 359.13 | 354.50 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.08
= 338.24
The number of days of payables for Omnicom Group Inc has been relatively stable over the past five years. Starting at 354.50 days as of December 31, 2020, the number increased slightly to 359.13 days by December 31, 2021. Subsequently, there was a decrease in the number of days of payables to 328.95 days by December 31, 2022. The trend continued with a slight increase to 332.30 days by December 31, 2023, and further to 338.24 days by December 31, 2024.
Overall, the company's number of days of payables reflects a balance in managing its payment terms with suppliers. The fluctuations observed may be influenced by various factors such as changes in the company's operational efficiency, negotiating power with suppliers, and overall working capital management strategies. It is important for stakeholders to monitor these trends to assess Omnicom Group Inc's ability to efficiently manage its payables, optimize cash flow, and sustain relationships with its suppliers.
Peer comparison
Dec 31, 2024