Omnicom Group Inc (OMC)
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 | 1.11 | 1.32 | 1.26 | 1.30 | 1.11 | 1.35 | 1.28 | 1.23 | 1.02 | 1.21 | 1.18 | 1.25 | 1.03 | 1.42 | 1.60 | 1.36 | 1.09 | 1.37 | 1.26 | 1.28 | |
| Number of days of payables | days | 329.71 | 276.14 | 288.87 | 280.68 | 328.95 | 269.79 | 285.59 | 296.49 | 359.14 | 302.65 | 308.55 | 292.08 | 354.38 | 256.34 | 228.47 | 268.06 | 334.76 | 266.15 | 289.80 | 284.11 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.11
= 329.71
Based on the provided data, the number of days of payables for Omnicom Group, Inc. is not available for any of the quarters in the given periods. Without this specific information on the number of days it takes the company to pay off its accounts payable, it is challenging to assess the efficiency of Omnicom Group, Inc.'s payment practices and the relationship with its suppliers. Therefore, further analysis and comparison with industry benchmarks or historical data would be necessary to evaluate the effectiveness of the company's payables management.
Peer comparison
Dec 31, 2023
Company name
Symbol
Number of days of payables
Omnicom Group Inc
OMC
329.71
Interpublic Group of Companies Inc
IPG
194.85