AAR Corp (AIR)
Number of days of payables
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.23 | 1.47 | 1.32 | 1.52 | 1.23 | |
| Number of days of payables | days | 39.55 | 248.61 | 276.85 | 240.19 | 296.33 |
May 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.23
= 39.55
The number of days of payables for AAR Corp has fluctuated significantly over the past five years.
In 2024, AAR Corp took approximately 39.55 days to pay its suppliers, indicating a relatively efficient payment process. This marks a significant improvement compared to the previous year, where the company took 248.61 days to settle its payables.
In 2023, the number of days of payables was exceptionally high at 248.61 days, suggesting the company was taking a much longer time to pay its suppliers. This may have been due to various factors such as liquidity issues, operational challenges, or strategic decisions.
In 2022 and 2021, the number of days of payables remained high at 276.85 days and 240.19 days respectively, indicating a consistent pattern of delayed payments during those years.
Lastly, in 2020, AAR Corp's number of days of payables was the highest at 296.33 days, indicating a prolonged period of paying its suppliers.
Overall, the trend in the number of days of payables for AAR Corp over the past five years highlights fluctuations and potential challenges in managing its payables efficiently. Further analysis of the company's cash flow, liquidity position, and supplier relationships may provide additional insights into the reasons behind these fluctuations.
Peer comparison
May 31, 2024