Eastman Chemical Co (BSP:E1MN34) Days Payable : 81.81 (As of Dec. 2023)

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Eastman Chemical Co's average Accounts Payable for the three months ended in Dec. 2023 was R$7,657 Mil. Eastman Chemical Co's Cost of Goods Sold for the three months ended in Dec. 2023 was R$8,540 Mil. Hence, Eastman Chemical Co's Days Payable for the three months ended in Dec. 2023 was 81.81.

The historical rank and industry rank for Eastman Chemical Co's Days Payable or its related term are showing as below:

BSP:E1MN34' s Days Payable Range Over the Past 10 Years
Min: 38.5 Med: 44.08 Max: 85.05
Current: 85.05

During the past 13 years, Eastman Chemical Co's highest Days Payable was 85.05. The lowest was 38.50. And the median was 44.08.

BSP:E1MN34's Days Payable is ranked better than
68.84% of 1505 companies
in the Chemicals industry
Industry Median: 61 vs BSP:E1MN34: 85.05

Eastman Chemical Co's Days Payable increased from Dec. 2022 (62.27) to Dec. 2023 (81.81). It may suggest that Eastman Chemical Co delayed paying its suppliers.

Eastman Chemical Co Days Payable Historical Data

The historical data trend for Eastman Chemical Co's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Eastman Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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45.50

42.38

44.73

57.13

65.91

Eastman Chemical Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															62.27	79.60	106.02	98.51	81.81

Competitive Comparison

For the Specialty Chemicals subindustry, Eastman Chemical Co's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Eastman Chemical Co Days Payable Distribution

For the Chemicals industry and Basic Materials sector, Eastman Chemical Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Eastman Chemical Co's Days Payable falls into.

Eastman Chemical Co Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Eastman Chemical Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (6918.683	+	5732.766)	/	2 )	/	35028.67	*	365
=	6325.7245					/	35028.67	*	365
=	65.91

Eastman Chemical Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (9581.078	+	5732.766)	/	2 )	/	8540.352	*	365 / 4
=	7656.922					/	8540.352	*	365 / 4
=	81.81

Eastman Chemical Co Days Payable Related Terms

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Eastman Chemical Co (BSP:E1MN34) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

EMN:USA EMN:Mexico EAC:Germany

Address

200 South Wilcox Drive, Kingsport, TN, USA, 37662

Website

https://www.eastman.com

Established in 1920 to produce chemicals for Eastman Kodak, Eastman Chemical has grown into a global specialty chemicals company with manufacturing sites around the world. The company generates the majority of its sales outside of the United States, with a strong presence in Asian markets. During the past several years, Eastman has sold noncore businesses, choosing to focus on higher-margin specialty product offerings.

Eastman Chemical Co (BSP:E1MN34) Headlines

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