Philip Morris International Inc (PM)
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 | 3.82 | 4.22 | 4.07 | 4.16 | 3.59 | 4.03 | 3.70 | 3.25 | 3.05 | 3.75 | 3.72 | 3.71 | 3.48 | 3.99 | 4.20 | 4.31 | 3.96 | 5.37 | 5.91 | 5.89 | |
| Number of days of payables | days | 95.67 | 86.48 | 89.73 | 87.70 | 101.54 | 90.55 | 98.56 | 112.45 | 119.62 | 97.31 | 98.04 | 98.43 | 104.75 | 91.39 | 86.96 | 84.71 | 92.23 | 68.03 | 61.76 | 62.02 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.82
= 95.67
The number of days of payables for Philip Morris International Inc has exhibited some fluctuations over the period analyzed. From March 31, 2020, to June 30, 2024, the figures ranged between a low of 61.76 days to a high of 119.62 days. Notable observations include an increasing trend in payables days from December 31, 2020, to March 31, 2022, where the numbers ranged from 92.23 days to 98.43 days, followed by a peak at 119.62 days on December 31, 2022. Subsequently, there was a decline in days of payables reaching a low of 86.48 days on September 30, 2024.
Analyzing the number of days of payables can provide insights into the company's ability to manage its outstanding obligations to suppliers. A higher number of days may indicate that Philip Morris International Inc is taking longer to pay its suppliers, potentially signaling liquidity or efficiency issues. Conversely, a lower number of days may suggest tighter management of payables and efficient working capital management. Further analysis in conjunction with other financial ratios and metrics would be necessary to derive a comprehensive understanding of the company's financial performance and liquidity position.
Peer comparison
Dec 31, 2024
See also:
Philip Morris International Inc Average Payables Payment Period (Quarterly Data)