American Woodmark Corporation (AMWD)
Number of days of payables
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 22.80 | 26.73 | 14.64 | 15.52 | 21.20 | |
| Number of days of payables | days | 16.01 | 13.65 | 24.94 | 23.52 | 17.22 |
April 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 22.80
= 16.01
The number of days of payables for American Woodmark Corporation has varied over the past five years. In the most recent fiscal year ending April 30, 2024, the company took an average of 16.01 days to pay its suppliers. This represents an increase compared to the previous year, where the number of days of payables was 13.65 days.
The trend in the number of days of payables indicates that the company has been managing its payables more efficiently in recent years, as seen by the decreasing trend from 2022 to 2023. However, there was a slight increase in the number of days of payables in the most recent year compared to the previous year.
Overall, a lower number of days of payables signifies that the company is taking longer to pay its suppliers, which could indicate potential liquidity or cash flow concerns. Conversely, a higher number of days of payables may suggest that the company is effectively managing its working capital by taking advantage of credit terms provided by suppliers.