Zoetis Inc (ZTS)

Number of days of payables

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Payables turnover		12.11	12.92	12.22	12.47	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
Number of days of payables	days	30.13	28.26	29.88	29.27	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

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.11
= 30.13

The number of days of payables for Zoetis Inc has fluctuated over the past several quarters, with some variability in the time it takes the company to pay its suppliers. The trend shows a general stability in the range of approximately 25 to 40 days over the past few years. In general, a lower number of days of payables indicates that the company is paying its suppliers more quickly, which could potentially strain its cash flow. Conversely, a higher number of days of payables suggests that the company is taking longer to pay its suppliers, potentially improving its cash flow position in the short term.

Zoetis Inc's number of days of payables has ranged from around 28 to 40 days in recent quarters. This indicates that the company usually takes around a month to over a month to pay its suppliers. It's important for investors and analysts to monitor this metric over time to assess the company's working capital management and supplier relationships.