Omnicom Group Inc (OMC)
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 | 1.08 | 1.21 | 1.22 | 1.23 | 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 | |
| Number of days of payables | days | 338.24 | 301.31 | 299.32 | 296.77 | 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 |
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 shown fluctuations over the past few years.
In general, a higher number of days of payables indicates that the company is taking longer to pay its suppliers, which may imply a more favorable position in terms of managing working capital.
Based on the data provided, we can see that the number of days of payables ranged between 228.47 days to 359.14 days during the period from June 2020 to December 2021. This suggests that Omnicom Group Inc varied in its payment terms with suppliers during this time frame.
From March 2022 to June 2024, the number of days of payables remained relatively stable, hovering between 269.79 days to 338.24 days. This may indicate a consistent approach to managing payables over this period.
Overall, it is important to consider the trend in the number of days of payables in conjunction with other financial metrics to get a more comprehensive view of Omnicom Group Inc's financial health and operational efficiency.
Peer comparison
Dec 31, 2024