Westlake Chemical Corporation (WLK)

Number of days of payables

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Payables turnover 11.97 11.47 11.53 11.53 11.78 12.87 13.82 13.91 13.18 11.47 8.97 9.04 9.42 10.47 10.69 11.08 12.09 14.48 14.68 15.73
Number of days of payables days 30.50 31.83 31.64 31.65 30.99 28.37 26.41 26.25 27.68 31.83 40.71 40.36 38.73 34.88 34.16 32.95 30.19 25.21 24.87 23.20

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.97
= 30.50

The number of days of payables for Westlake Chemical Corporation has shown a fluctuating trend over the years. It was 23.20 days as of March 31, 2020, and gradually increased to 40.71 days by June 30, 2022. Subsequently, there was a decline in the number of days of payables to 27.68 days by December 31, 2022. This was followed by an uptick to 31.83 days as of September 30, 2024.

Overall, the number of days of payables has exhibited some variability, but it appears to have stabilized around the 30-day mark in recent periods. This metric indicates the average number of days it takes for Westlake Chemical Corporation to pay its suppliers and is important for assessing the company's liquidity and efficiency in managing its working capital. A lower number of days of payables may suggest efficient management of payables, while a higher number could indicate liquidity challenges or potentially strained vendor relationships.