Weatherford International PLC (WFRD)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 0.68 | 0.68 | 0.84 | 5.86 | 6.59 | |
| Number of days of payables | days | 535.28 | 536.42 | 433.44 | 62.24 | 55.42 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.68
= 535.28
The number of days of payables for Weatherford International plc has shown an increasing trend over the past three years. As of December 31, 2023, the company took approximately 73.00 days to pay its payables, compared to 55.60 days in 2022 and 51.07 days in 2021. This indicates that the company is taking longer to settle its obligations to suppliers and vendors. A higher number of days of payables can suggest potential liquidity challenges or a deliberate strategy to optimize cash flow by delaying payments. It is important to monitor this metric alongside other financial ratios to assess the company's overall financial health and management of working capital.
Peer comparison
Dec 31, 2023