AAR Corp (AIR)
Number of days of payables
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 9.22 | 7.14 | 5.57 | 3.21 | 1.47 | 1.37 | 1.34 | 1.05 | 1.31 | 1.42 | 1.58 | 1.34 | 1.51 | 0.77 | 0.78 | 0.94 | 0.98 | 2.44 | 5.34 | 7.72 | |
| Number of days of payables | days | 39.59 | 51.10 | 65.55 | 113.78 | 248.61 | 266.20 | 272.27 | 347.83 | 277.66 | 256.58 | 231.12 | 273.28 | 241.69 | 471.68 | 468.48 | 390.17 | 373.98 | 149.54 | 68.37 | 47.29 |
May 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.22
= 39.59
The number of days of payables for AAR Corp has been fluctuating over the past two years. In the most recent period ending on May 31, 2024, the company took approximately 39.59 days to pay its suppliers, indicating efficient management of payables. This was an improvement from the previous reporting period on Feb 29, 2024, where the number of days of payables increased to 51.10 days.
Looking further back, there was a significant increase in the number of days of payables reported on Nov 30, 2023, at 65.55 days, suggesting a delayed payment to suppliers. The trend of delayed payments was also noticeable in the preceding periods where the number of days of payables exceeded 200 days.
It is important for AAR Corp to closely monitor and manage its payables effectively to ensure timely payments to suppliers while maintaining good relationships. An increasing number of days of payables may signal financial strain or inefficiencies in cash management, while a decreasing trend could indicate improved liquidity and stronger financial performance.
Peer comparison
May 31, 2024