Sylvamo Corp (SLVM)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 5.60 | 6.16 | 6.02 | 5.38 | 4.89 | 5.58 | 5.76 | ||||
| Number of days of payables | days | 65.20 | 59.23 | 60.63 | 67.86 | 74.68 | 65.46 | 63.33 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.60
= 65.20
Sylvamo Corp's number of days of payables has exhibited a decreasing trend over the past five quarters, from 63.13 days in Q4 2022 to 54.70 days in Q4 2023. This downward trend suggests that the company is taking fewer days to pay its suppliers and vendors, potentially improving its cash flow position. The variance in the number of days of payables between quarters indicates fluctuations in the company's payment practices and relationship with suppliers. It would be important to monitor this ratio in future periods to assess the ongoing management of payables and its impact on the company's overall financial health.
Peer comparison
Dec 31, 2023