Philip Morris International Inc (PM)
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 | 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 | 5.34 | 7.28 | 7.25 | 14.24 | |
| Number of days of payables | days | 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 | 68.33 | 50.17 | 50.35 | 25.64 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.59
= 101.54
The number of days of payables for Philip Morris International Inc has shown variability over the past eight quarters. In Q4 2023, the company took, on average, around 117.29 days to pay its suppliers, which is an increase from the previous quarter. This suggests that the company is taking slightly longer to settle its payables. However, it is important to note that the number of days of payables has fluctuated throughout the quarters, indicating potential changes in the company's payment terms or supplier relationships. Overall, the trend in the number of days of payables for Philip Morris International Inc reflects the company's management of its accounts payable and cash flow dynamics.
Peer comparison
Dec 31, 2023
See also:
Philip Morris International Inc Average Payables Payment Period (Quarterly Data)