Waste Management Inc (WM)
Number of days of payables
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 8.78 | 8.46 | 9.02 | 9.70 | 8.19 | 9.61 | 10.17 | 9.84 | 9.60 | 8.72 | 8.73 | 9.57 | 10.14 | 9.26 | 9.14 | 8.22 | 7.92 | 9.30 | 9.13 | 9.05 | |
| Number of days of payables | days | 41.57 | 43.17 | 40.46 | 37.64 | 44.55 | 37.98 | 35.89 | 37.11 | 38.04 | 41.87 | 41.82 | 38.16 | 36.00 | 39.40 | 39.93 | 44.39 | 46.11 | 39.23 | 39.96 | 40.32 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.78
= 41.57
Waste Management, Inc.'s number of days of payables has shown fluctuations over the past eight quarters. In Q4 2023, the number of days of payables was 49.48 days, slightly lower than the previous quarter. This indicates that the company takes approximately 49 days to pay its suppliers and vendors.
Comparing Q4 2023 with the same quarter in the previous year (Q4 2022), there has been a slight improvement from 52.43 days to 49.48 days in the number of days of payables. This suggests that Waste Management, Inc. may have been managing its payables more efficiently compared to the previous year.
Overall, the trend in the number of days of payables over the past eight quarters shows some variability, with periods of increase followed by periods of decrease. It is important to monitor this ratio to ensure that the company is effectively managing its payment schedules and supplier relationships.
Peer comparison
Dec 31, 2023
See also:
Waste Management Inc Average Payables Payment Period (Quarterly Data)