Zoetis Inc (ZTS)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 12.20 | 12.14 | 11.64 | 10.52 | 8.93 | |
| Number of days of payables | days | 29.92 | 30.06 | 31.35 | 34.69 | 40.86 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.20
= 29.92
The number of days of payables for Zoetis Inc has shown a declining trend over the past five years. In December 2020, it stood at 40.86 days and decreased to 34.69 days by December 2021. This downward trend continued as the number of days of payables further decreased to 31.35 days by December 2022, 30.06 days by December 2023, and finally 29.92 days by December 2024.
A decreasing number of days of payables indicates that Zoetis Inc is taking less time to pay its suppliers, which may signify efficient management of its accounts payable. However, it is essential to consider the company's payment terms with suppliers, industry norms, and overall liquidity position to better understand the implications of this trend on Zoetis Inc's financial health and cash flow management.
Peer comparison
Dec 31, 2024