Westlake Chemical Corporation (WLK)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.97 | 11.78 | 13.18 | 9.42 | 12.09 | |
| Number of days of payables | days | 30.50 | 30.99 | 27.68 | 38.73 | 30.19 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.97
= 30.50
Based on the provided data, Westlake Chemical Corporation's number of days of payables has shown variability over the years.
The number of days of payables increased from 30.19 days as of December 31, 2020, to 38.73 days as of December 31, 2021, indicating that the company took longer to pay its suppliers in 2021 compared to the previous year.
However, there was a significant decrease in the number of days of payables to 27.68 days as of December 31, 2022. This suggests that in 2022, Westlake Chemical Corporation managed to reduce the time it takes to pay its suppliers, potentially improving cash flow management.
The number of days of payables then slightly increased to 30.99 days as of December 31, 2023, before stabilizing at 30.50 days as of December 31, 2024. This indicates that the company has been able to maintain a relatively stable payment period to its suppliers in the most recent years.
Overall, monitoring the number of days of payables can provide insights into Westlake Chemical Corporation's liquidity management and relationship with its suppliers.
Peer comparison
Dec 31, 2024