Philip Morris International Inc (PM)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 3.93 | 3.67 | 3.04 | 3.65 | 4.11 | |
| Number of days of payables | days | 92.79 | 99.44 | 120.00 | 99.94 | 88.75 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.93
= 92.79
The number of days of payables for Philip Morris International Inc has shown a varying trend over the past five years.
As of December 31, 2020, the company took approximately 88.75 days to pay off its payables. This number increased to 99.94 days by December 31, 2021, indicating a slower payment cycle.
By December 31, 2022, the number of days of payables further increased to 120.00 days, suggesting a longer duration for settling outstanding obligations. However, there was a notable decrease by December 31, 2023, with the figure standing at 99.44 days.
In the latest year, December 31, 2024, Philip Morris International Inc's number of days of payables decreased to 92.79 days, compared to the previous year, signaling a potential improvement in the company's payment efficiency.
Overall, the analysis of the number of days of payables indicates fluctuations in Philip Morris International Inc's payment practices over the years, with a recent decrease possibly reflecting more prompt settlement of payables.
Peer comparison
Dec 31, 2024
See also:
Philip Morris International Inc Average Payables Payment Period