Sylvamo Corp (SLVM)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Payables turnover | 7.53 | 6.51 | 6.50 | |
| Number of days of payables | days | 48.47 | 56.05 | 56.12 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.53
= 48.47
Sylvamo Corp's number of days of payables, which measures the average number of days it takes for the company to pay its suppliers, has shown a decreasing trend over the past four years. In 2023, the number of days of payables improved to 54.70 days from 63.13 days in 2022, indicating that Sylvamo Corp was able to settle its accounts payable more efficiently during the year. This trend continued from 2021 when the number of days of payables was 70.68 days, to the most recent noteworthy improvement in 2020, where it was 49.34 days.
A decreasing number of days of payables can signify better cash management practices, stronger supplier relationships, or possibly more favorable payment terms negotiated with suppliers. However, it is essential to consider the reasons behind this trend and ensure that it aligns with the firm's overall financial strategy and operational efficiency.
Peer comparison
Dec 31, 2023