Waste Management Inc (WM)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.82 | 8.22 | 9.63 | 10.13 | 10.68 | |
| Number of days of payables | days | 41.39 | 44.38 | 37.89 | 36.03 | 34.16 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.82
= 41.39
Waste Management, Inc.'s number of days of payables has shown a fluctuating trend over the past five years. In 2023, the company took on average 49.48 days to pay its creditors, which was a decrease from the previous year. This indicates that the company's ability to manage its payables improved in 2023.
Comparing 2023 to the figures from 2022 and 2021, Waste Management, Inc. took longer to pay its creditors in those years, with 52.43 days and 45.17 days, respectively. This suggests that the company's payables management was less efficient during those periods.
In 2020 and 2019, the number of days of payables for Waste Management, Inc. was 43.80 days and 40.94 days, respectively. The trend shows a gradual increase in the number of days it took the company to pay its payables over these two years.
Overall, Waste Management, Inc.'s number of days of payables reflects varying levels of efficiency in managing its payables over the past five years. It is crucial for the company to monitor and optimize this metric to maintain healthy cash flow and relationships with its suppliers.
Peer comparison
Dec 31, 2023