Aecom Technology Corporation (ACM)
Number of days of payables
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 5.87 | 6.07 | 6.22 | 6.60 | 6.13 | 6.20 | 6.20 | 6.24 | 6.07 | 6.12 | 6.48 | 6.11 | 6.00 | 6.18 | 5.95 | 5.56 | 5.31 | 5.94 | 5.80 | 5.41 | |
| Number of days of payables | days | 62.21 | 60.12 | 58.65 | 55.31 | 59.53 | 58.90 | 58.91 | 58.49 | 60.16 | 59.67 | 56.33 | 59.78 | 60.84 | 59.05 | 61.35 | 65.66 | 68.69 | 61.40 | 62.89 | 67.42 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.87
= 62.21
The number of days of payables for Aecom Technology Corporation has shown fluctuations over the past few quarters, ranging from a low of 55.31 days to a high of 68.69 days. The average number of days of payables for the most recent quarter ending on September 30, 2024, was 62.21 days, indicating that, on average, the company takes approximately 62 days to pay its suppliers and vendors.
A decreasing trend in the number of days of payables can suggest that the company is managing its accounts payable more efficiently and making payments to suppliers more promptly. Conversely, an increasing trend may indicate liquidity challenges or strained relationships with suppliers.
It is important for investors and analysts to examine the number of days of payables in conjunction with other financial ratios and metrics to gain a comprehensive understanding of Aecom's financial health and operational efficiency.
Peer comparison
Sep 30, 2024