PPG Industries Inc (PPG)
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 | 4.51 | — | — | — | 6.15 | — | — | — | 5.34 | — | — | — | 4.73 | — | — | — | 5.64 | — | — | — | |
| Number of days of payables | days | 80.84 | — | — | — | 59.39 | — | — | — | 68.29 | — | — | — | 77.25 | — | — | — | 64.76 | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.51
= 80.84
Based on the data provided, the number of days of payables for PPG Industries, Inc. in Q4 2023 was 88.73 days, which indicates that, on average, the company takes approximately 88.73 days to pay its outstanding bills to suppliers. However, comparative data for other quarters in 2023 as well as historical data from Q4 2022 and prior quarters are missing, making it challenging to assess any trends or changes in the payment behavior over time.
It is essential to note that a higher number of days of payables may suggest that the company is taking longer to settle its payables, potentially indicating liquidity issues or strained relationships with suppliers seeking quicker payment terms. Conversely, a lower number of days may indicate a more efficient management of payables, providing the company with working capital flexibility and potential cost savings.
To gain a more comprehensive understanding of PPG Industries, Inc.'s payables management practices and trends, it would be beneficial to analyze additional financial data and ratios over multiple periods to identify any consistent patterns and assess the company's overall financial health.
Peer comparison
Dec 31, 2023