Packaging Corp of America (PKG)
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 | 16.64 | 16.49 | 18.51 | 16.85 | 17.02 | 14.39 | 13.00 | 12.14 | 14.19 | 12.43 | 14.95 | 14.64 | 15.09 | 16.68 | 18.65 | 15.29 | 16.81 | 15.24 | 15.41 | 14.58 | |
| Number of days of payables | days | 21.93 | 22.14 | 19.72 | 21.66 | 21.45 | 25.36 | 28.08 | 30.07 | 25.73 | 29.37 | 24.42 | 24.93 | 24.20 | 21.88 | 19.57 | 23.87 | 21.71 | 23.94 | 23.68 | 25.03 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 16.64
= 21.93
Packaging Corp Of America's number of days of payables have shown some fluctuations over the past eight quarters. In Q4 2023, the company's number of days of payables decreased slightly to 24.06 days compared to the previous quarter. This indicates that the company is taking approximately 24 days to pay its suppliers and vendors, on average.
Looking at the trend over the past year, we see some variability in the number of days of payables. The trend appears to be relatively stable, with some quarterly fluctuations. The company's number of days of payables ranged from a low of 21.58 days in Q2 2023 to a high of 32.94 days in Q1 2022.
Overall, the data suggests that Packaging Corp Of America has been managing its payables efficiently, with the company taking an average of around 24 days to settle its outstanding payments. It is important to continue monitoring this metric to ensure the company maintains a healthy balance between managing its cash flow and maintaining good relationships with its suppliers.
Peer comparison
Dec 31, 2023