Westlake Chemical Corporation (WLK)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.78 | 13.18 | 9.42 | 12.09 | 14.50 | |
| Number of days of payables | days | 30.99 | 27.68 | 38.73 | 30.19 | 25.17 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.78
= 30.99
Westlake Corporation's number of days of payables has shown fluctuations over the past five years. In 2023, the company took approximately 31 days to pay its suppliers, compared to around 28 days in 2022 and 25 days in 2019. The increase in the number of days of payables from 2022 to 2023 may suggest that Westlake is taking a slightly longer time to settle its payables. However, the current level of around 31 days is still relatively efficient in managing its payment obligations compared to 2019 and 2020. This trend indicates that Westlake may be managing its working capital effectively by extending its payment terms with suppliers to optimize cash flow management.
Peer comparison
Dec 31, 2023