Sealed Air Corporation (SEE)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 5.03 | 4.47 | 4.01 | 4.37 | 4.37 | |
| Number of days of payables | days | 72.53 | 81.66 | 90.94 | 83.57 | 83.55 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.03
= 72.53
Sealed Air Corp.'s number of days of payables have shown a fluctuating trend over the past five years. As of December 31, 2023, the company had an average payment period of 72.53 days, indicating a decrease compared to the previous year. This suggests that the company is taking slightly longer to pay its suppliers.
In comparison to the data from the preceding years, the number of days of payables was at its highest in December 31, 2021, at 90.94 days. This could imply that Sealed Air Corp. was taking a longer time to settle its payables in that particular period.
Overall, the trend in the number of days of payables for Sealed Air Corp. shows some variability, which could be influenced by various factors such as the company's financial performance, business strategy, and supplier relationships. It is essential for stakeholders to monitor this metric to understand how efficiently the company manages its payable obligations.
Peer comparison
Dec 31, 2023