Silgan Holdings Inc (SLGN)
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 | 5.06 | 8.31 | 7.49 | 8.12 | 6.06 | 8.50 | 6.34 | 6.34 | 4.59 | 6.59 | 6.66 | 7.19 | 5.22 | 6.87 | 6.32 | 7.45 | 5.19 | 6.91 | 6.34 | 7.02 | |
| Number of days of payables | days | 72.17 | 43.94 | 48.71 | 44.97 | 60.18 | 42.93 | 57.57 | 57.60 | 79.61 | 55.36 | 54.84 | 50.77 | 69.96 | 53.15 | 57.75 | 48.97 | 70.28 | 52.85 | 57.61 | 52.01 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.06
= 72.17
The number of days of payables for Silgan Holdings Inc. displays significant fluctuations over the past eight quarters. In the most recent quarter, Q4 2023, the company had an average of 78.61 days of payables, representing a notable increase compared to the previous quarter, Q3 2023 (46.69 days). This suggests that the company took longer to pay its suppliers during Q4 2023.
Overall, Silgan Holdings Inc. has shown variability in managing its payables efficiency, with Q2 2022 and Q4 2022 recording relatively higher levels of payables days compared to Q1 2022 and Q3 2022. This pattern indicates that the company's payment practices have been inconsistent over the periods analyzed.
It would be imperative for stakeholders to closely monitor Silgan Holdings Inc.'s payables management practices to assess the effectiveness of its working capital management and supplier relationships. A company's ability to efficiently manage its payables can impact its liquidity, cash flow, and overall financial health.
Peer comparison
Dec 31, 2023