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

Company name
Symbol
Number of days of payables
PPG Industries Inc
PPG
80.84
Axalta Coating Systems Ltd
AXTA
59.69
RPM International Inc
RPM
35.80