Agilysys Inc (AGYS)
Number of days of payables
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 23.68 | 19.85 | 16.34 | 25.63 | 16.50 | |
| Number of days of payables | days | 15.42 | 18.39 | 22.34 | 14.24 | 22.12 |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 23.68
= 15.42
The number of days of payables for Agilysys Inc has fluctuated over the past five years. In the most recent fiscal year ending on March 31, 2024, the company took an average of 15.42 days to pay its suppliers and vendors, showing an improvement compared to the previous year. This indicates that Agilysys is managing its payables more efficiently. In contrast, in March 31, 2022, the number of days of payables stood at 22.34 days, suggesting the company took longer to settle its payables during that period. Overall, the trend in the number of days of payables for Agilysys Inc reflects variations in the company's payment practices and liquidity management over the years.
Peer comparison
Mar 31, 2024