Adient PLC (ADNT)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 5.39 | 5.69 | 5.37 | 6.03 | 5.54 | |
| Number of days of payables | days | 67.69 | 64.20 | 67.93 | 60.48 | 65.85 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.39
= 67.69
Adient PLC's number of days of payables has fluctuated over the past five years. In the most recent fiscal year ending on September 30, 2024, the company took an average of 67.69 days to pay its trade payables, representing an increase compared to the previous year. This suggests that Adient is taking slightly longer to settle its payables.
The trend over the five-year period shows some variability, with the number of days of payables ranging from 60.48 days to 67.93 days. This indicates that Adient's payment practices have been somewhat inconsistent, potentially impacted by different factors such as changes in supplier terms or company cash flow.
Overall, monitoring the number of days of payables can provide insights into Adient's liquidity management and relationships with suppliers. It is important for stakeholders to assess this ratio in conjunction with other financial metrics to gain a comprehensive understanding of the company's financial health and operational efficiency.
Peer comparison
Sep 30, 2024