Wolverine World Wide Inc (WWW)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.65 | 5.93 | 6.24 | 5.71 | 6.68 | |
| Number of days of payables | days | 54.87 | 61.54 | 58.53 | 63.97 | 54.65 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.65
= 54.87
Wolverine World Wide Inc's number of days of payables has shown some fluctuation over the past five years. The trend indicates that the company takes around 54 to 64 days on average to pay its trade payables. In 2023, the number of days of payables improved to 54.87 days from 61.54 days in 2022, showing a more efficient management of payables. This decrease in the number of days of payables could suggest that the company has been able to extend its payment terms or negotiate better deals with its suppliers. Overall, monitoring the trend of days of payables can provide insights into the company's cash flow management and its relationships with suppliers.
Peer comparison
Dec 31, 2023