Solventum Corp. (SOLV)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Payables turnover | — | — | — | — | |
| Number of days of payables | days | — | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
To analyze Solventum Corp.'s number of days of payables, we need specific data for each year to calculate this ratio accurately. The number of days of payables is a measure that indicates how many days, on average, it takes for a company to pay off its suppliers and trade creditors. A higher number of days indicates that the company is taking longer to settle its payables, which could signify either favorable credit terms or potential liquidity issues.
Without the specific data for each year, it is challenging to gauge Solventum Corp.'s efficiency in managing its payables effectively. It is crucial to track this ratio over time to assess any trends or anomalies in the company's payment practices and overall financial health. Further data would allow for a detailed analysis of the company's liquidity position, operational efficiency, and relationships with suppliers.
Peer comparison
Dec 31, 2023