Zoetis Inc (ZTS)

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		12.08	12.53	10.34	11.27	11.62	12.65	10.93	11.48	10.42	11.62	11.87	12.07	8.91	11.12	11.57	14.47	12.68	13.19	12.90	15.75
Number of days of payables	days	30.22	29.12	35.28	32.38	31.41	28.86	33.39	31.79	35.02	31.42	30.75	30.23	40.94	32.81	31.55	25.23	28.78	27.67	28.30	23.17

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.08
= 30.22

The number of days of payables for Zoetis Inc has shown some fluctuation over the past eight quarters. In Q4 2023, the number of days of payables was 58.58 days, an increase from the previous quarter's 56.97 days. This increase indicates that the company took slightly longer to pay its suppliers in Q4 2023 compared to Q3 2023.

Looking at a longer trend, the number of days of payables has varied between a low of 56.70 days in Q3 2022 and a high of 68.99 days in Q2 2023. This range suggests that Zoetis Inc has been managing its payables period moderately well, with fluctuations reflecting changes in its working capital management or relationships with suppliers.

Overall, the number of days of payables for Zoetis Inc appears to be relatively stable, with occasional variations that could be influenced by factors such as business seasonality, payment terms negotiation, or shifts in the company's operational focus. It would be beneficial to monitor this metric in conjunction with other financial ratios to assess the company's overall financial health and efficiency in managing its working capital.