Applied Industrial Technologies (AIT)

The analysis of Applied Industrial Technologies' days payable demonstrates variability over the observed periods. At the end of September 2020, the number of days payables was approximately 29.66 days, reflecting a relatively shorter payment cycle. This duration increased to a peak of around 36.30 days by March 31, 2021, indicating a tendency to delay payments, which then gradually fluctuated within a range of approximately 29.93 to 35.84 days through subsequent periods.

Notably, the period ending December 31, 2021, saw a reduction to roughly 29.93 days, returning toward the lower end of the cycle. The subsequent intervals exhibited minor fluctuations but generally remained within a range of approximately 30 to 36 days. For example, as of June 30, 2021, and September 30, 2022, the payables averaged around 33 to 36 days, reflecting a moderate delay in settling liabilities.

From the end of 2022 onward, there was a slight downward trend, with days payables decreasing to approximately 30.92 days by December 31, 2022, and fluctuating slightly around 30 to 33 days in 2023. The data indicates a brief dip to about 29.41 days at the end of December 2023, followed by transient increases in early 2024, reaching approximately 32.72 days in March 2025.

Overall, the company's accounts payable days have demonstrated consistent management within a range primarily oscillating between approximately 29.41 and 36.30 days over the observed period. The fluctuations suggest adjustments in payment strategies or vendor terms but generally depict moderate payment delays typical of standard operating procedures in industrial supply chain management.