Applied Industrial Technologies (AIT)

The analysis of Applied Industrial Technologies' number of days of payables over the specified periods reveals several notable trends. As of June 30, 2021, the company’s payables period stood at approximately 33.03 days. This slightly increased to 35.03 days by June 30, 2022, indicating a modest extension in the time taken to settle payables. The upward trend continued into June 30, 2023, with the payables period reaching approximately 35.23 days, suggesting a stabilization at a slightly higher level compared to the previous year.

However, a noticeable change occurred between June 30, 2023, and June 30, 2024, when the payables period decreased to 31.00 days. This reduction indicates a quicker turnover in settling liabilities with suppliers, potentially reflecting improved cash flow management or changes in supplier payment terms. By June 30, 2025, the payables period slightly increased again to approximately 32.15 days, aligning with a marginal elongation but still remaining below the peak recorded in 2023.

Overall, the company's days of payables exhibit a pattern of initial gradual increase, followed by a reduction, and a minor subsequent rise. The fluctuation suggests a dynamic approach to managing accounts payable, influenced potentially by operational practices, supplier relations, or strategic cash flow considerations. The lower payables period observed in 2024 indicates a period of accelerated settlement, which could be favorable for liquidity position but may also impact working capital depending on the company's overall cash management strategy.