Sherwin-Williams Co (SHW)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.53 | 7.89 | 7.19 | 7.33 | 5.26 | |
| Number of days of payables | days | 42.80 | 46.28 | 50.75 | 49.82 | 69.42 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.53
= 42.80
Sherwin-Williams Co.'s number of days of payables has shown some variability over the past five years. The company's days of payables decreased from 79.86 days in 2020 to 68.73 days in 2023, indicating that Sherwin-Williams has been able to manage its payables more efficiently in recent years. This may suggest that the company is improving its relationship with suppliers or negotiating more favorable payment terms.
Although there was an increase in the number of days of payables in 2021 to 76.93 days, the overall trend seems to be moving towards a more optimal level. It is worth noting that the days of payables in 2019 and 2022 were relatively stable at around 69 days, indicating a consistent approach to managing payables during those years.
Overall, the decreasing trend in Sherwin-Williams Co.'s number of days of payables over the past few years suggests that the company may be operating more efficiently in terms of managing its payables and optimizing its working capital management.
Peer comparison
Dec 31, 2023