Sherwin-Williams Co (SHW)
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 | 8.45 | 8.10 | 7.92 | 7.79 | 7.89 | 6.74 | 6.12 | 6.21 | 7.19 | 6.29 | 6.61 | 7.14 | 7.33 | 6.71 | 6.64 | 5.72 | 5.26 | 4.94 | 4.89 | 5.36 | |
| Number of days of payables | days | 43.20 | 45.07 | 46.08 | 46.84 | 46.28 | 54.17 | 59.68 | 58.78 | 50.75 | 58.04 | 55.25 | 51.15 | 49.82 | 54.37 | 54.93 | 63.79 | 69.42 | 73.85 | 74.70 | 68.15 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.45
= 43.20
Sherwin-Williams Co.'s number of days of payables has shown a general declining trend over the past quarters. In Q4 2023, the number of days of payables was 68.73 days, lower than the previous quarter at 70.31 days. This suggests that the company is taking slightly fewer days to pay its suppliers, which could indicate improved liquidity or more efficient management of payables. Compared to the same quarter the previous year, Sherwin-Williams Co. has significantly reduced its number of days of payables, indicating better control over its accounts payable. Overall, the downward trend in the number of days of payables reflects positively on the company's ability to manage its working capital effectively.
Peer comparison
Dec 31, 2023
See also:
Sherwin-Williams Co Average Payables Payment Period (Quarterly Data)