Eastman Chemical Co (Eastman Chemical Co) Days Payable : 78.21 (As of Mar. 2024)

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What is Eastman Chemical Co Days Payable?

Eastman Chemical Co's average Accounts Payable for the three months ended in Mar. 2024 was $1,524 Mil. Eastman Chemical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was $1,778 Mil. Hence, Eastman Chemical Co's Days Payable for the three months ended in Mar. 2024 was 78.21.

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

EMN' s Days Payable Range Over the Past 10 Years
Min: 38.5 Med: 44.08 Max: 92.11
Current: 92.11

During the past 13 years, Eastman Chemical Co's highest Days Payable was 92.11. The lowest was 38.50. And the median was 44.08.

EMN's Days Payable is ranked better than
72.21% of 1504 companies
in the Chemicals industry
Industry Median: 60.16 vs EMN: 92.11

Eastman Chemical Co's Days Payable declined from Mar. 2023 (79.38) to Mar. 2024 (78.21). It may suggest that Eastman Chemical Co accelerated 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.

* Premium members only.

Eastman Chemical Co Days Payable Chart

Eastman Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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46.77

47.44

46.38

55.05

63.54

Eastman Chemical Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															79.38	102.26	99.36	81.41	78.21

Competitive Comparison of Eastman Chemical Co's Days Payable

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's Days Payable Distribution in the Chemicals Industry

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
=	( (1319	+	1170)	/	2 )	/	7149	*	365
=	1244.5					/	7149	*	365
=	63.54

Eastman Chemical Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1170	+	1878)	/	2 )	/	1778	*	365 / 4
=	1524					/	1778	*	365 / 4
=	78.21

Eastman Chemical Co Days Payable Related Terms

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Eastman Chemical Co (Eastman Chemical Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Eastman Chemical Co (NYSE:EMN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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.

Executives

Adrian James Holt	officer: SVP, Chf HR Ofcr	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Julie A. Mcalindon	officer: SVP SupChn,Regions&Transform	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Linnie M Haynesworth	director	214 N TRYON STREET, CHARLOTTE NC 28202
Brian Travis Smith	officer: SVP, Add & Funct Prod	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Eric L Butler	director	1400 DOUGLAS STREET, STOP 1210, OMAHA NE 68179
Mark K Cox	officer: Senior Vice President	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Christopher Moore Killian	officer: SVP & CTO	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Stephen Glenn Crawford	officer: SVP & CTO	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Michelle Renee Stewart	officer: CAO & Controller	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Brad A Lich	officer: Executive Vice President	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Mark J Costa	director, officer: Chief Executive Officer	200 SOUTH WILCOX DRIVE, P.O. BOX 431, KINGSPORT TN 37660
Perry Stuckey	officer: SVP, Chf HR Ofcr	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Scott V. King	officer: VP, Finance & CAO	100 N. EASTMAN ROAD, B54, KINGSPORT TN 37660
Lucian Boldea	officer: Senior Vice President	855 S. MINT STREET, CHARLOTTE NC 28202
Vanessa Allen Sutherland	director	650 W PEACHTREE ST NW, ATLANTA GA 30308