Whirlpool Corporation (WHR)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 5.18 | 5.73 | 3.73 | 3.80 | 4.36 | |
| Number of days of payables | days | 70.40 | 63.68 | 97.86 | 96.17 | 83.81 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.18
= 70.40
The number of days of payables for Whirlpool Corp. has fluctuated over the past five years. In 2023, the company took approximately 80.64 days to settle its payables, which is an improvement from the previous year when it took 74.00 days. This indicates that Whirlpool was able to manage its payables more efficiently in 2023.
Comparing to two years prior, in 2021, the number of days of payables was relatively high at 112.41 days, suggesting that the company took a longer time to settle its payables then. This improved significantly in 2022, but still remained relatively high. In 2020 and 2019, the number of days of payables was also elevated at 113.06 days and 98.29 days respectively.
Overall, the trend in the number of days of payables for Whirlpool Corp. indicates some variability over the years, with fluctuations reflecting the company's management of its accounts payable and working capital efficiency.
Peer comparison
Dec 31, 2023