Applied Industrial Technologies (AIT)
Number of days of payables
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 14.98 | 14.79 | 15.72 | 15.29 | 13.11 | 14.04 | 14.99 | 13.01 | 13.37 | 13.45 | 15.79 | 15.04 | 14.67 | 13.43 | 15.58 | 16.94 | 17.06 | 15.45 | 15.32 | 14.20 | |
| Number of days of payables | days | 24.37 | 24.69 | 23.21 | 23.87 | 27.84 | 26.00 | 24.34 | 28.05 | 27.30 | 27.13 | 23.12 | 24.27 | 24.89 | 27.18 | 23.43 | 21.55 | 21.40 | 23.63 | 23.83 | 25.71 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.98
= 24.37
The number of days of payables for Applied Industrial Technologies has shown some fluctuations over the various reporting periods. On average, the company takes around 24 to 28 days to pay its suppliers.
From the data provided, we can see that the number of days of payables has ranged from a low of 21.40 days to a high of 28.05 days over the past few quarters. This indicates that the company generally manages its payables efficiently, with a consistent time frame for settling its outstanding obligations.
It is important to monitor this metric to ensure that the company is effectively managing its cash flow and maintaining positive relationships with its suppliers. A decreasing trend in the number of days of payables could indicate potential liquidity issues, while an increasing trend may signify a negotiation leverage in favor of the company.