Whirlpool Corporation (WHR)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 4.68 | 5.18 | 5.73 | 3.73 | 3.80 | |
| Number of days of payables | days | 78.07 | 70.40 | 63.68 | 97.86 | 96.17 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.68
= 78.07
To analyze the trend in Whirlpool Corporation's number of days of payables over the years, we observe the following:
1. In 2020, Whirlpool had payables outstanding for an average of 96.17 days, indicating that the company took approximately 96 days to settle its accounts payable.
2. The number of days of payables increased slightly to 97.86 days by the end of 2021, suggesting a marginal delay in settling payables compared to the previous year.
3. A noticeable drop occurred in 2022, with only 63.68 days of payables outstanding. This significant decrease could signal improved efficiency in managing accounts payable, resulting in quicker settlements.
4. However, the number of days of payables increased to 70.40 days by the end of 2023, indicating a slight extension in the time taken to settle payables compared to the preceding year.
5. By the end of 2024, Whirlpool's number of days of payables increased further to 78.07 days, which could be indicative of a gradual increase in the time taken to settle accounts payable.
Overall, the trend in Whirlpool Corporation's number of days of payables shows fluctuations over the years, with some periods of improvement in efficiency followed by slight delays in settling payables. Tracking this metric can provide insights into the company's working capital management and vendor relationships.
Peer comparison
Dec 31, 2024