Sealed Air Corporation (SEE)

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 5.03 5.17 4.86 4.69 4.47 4.32 4.03 4.10 4.01 4.04 4.02 4.15 4.37 4.52 4.48 4.56 4.37 4.52 4.27 4.19
Number of days of payables days 72.53 70.61 75.11 77.89 81.66 84.47 90.60 89.04 90.94 90.26 90.73 87.99 83.57 80.80 81.55 80.03 83.55 80.84 85.57 87.15

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 has exhibited some fluctuations over the past eight quarters. In Q4 2023, the company had 72.53 days of payables, which decreased from 70.61 days in Q3 2023 but was higher than the numbers reported in the prior quarters. This indicates that the company took fewer days to pay its suppliers compared to the previous quarter.

Overall, Sealed Air Corp.'s number of days of payables has shown a decreasing trend from Q2 2022 to Q4 2023, suggesting that the company has been managing its payables more efficiently. However, the metric is still above 70 days, which may indicate that the company is taking longer to pay its suppliers compared to industry norms.

It is important for investors and stakeholders to monitor this metric in conjunction with other financial ratios to assess the company's liquidity, operational efficiency, and supplier relationships.


Peer comparison

Dec 31, 2023

Company name
Symbol
Number of days of payables
Sealed Air Corporation
SEE
72.53
Celanese Corporation
CE
57.34