American Woodmark Corporation (AMWD)

Number of days of payables

		Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Payables turnover		27.29	27.66	31.34	31.69	31.53	34.85	24.78	18.14	17.71	22.05	20.90	20.51	18.76	18.51	20.79	25.43	23.06	22.98	20.40	21.20
Number of days of payables	days	13.37	13.20	11.65	11.52	11.58	10.47	14.73	20.12	20.60	16.56	17.46	17.79	19.46	19.72	17.56	14.35	15.83	15.88	17.90	17.22

April 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 27.29
= 13.37

American Woodmark Corporation's number of days of payables has shown some fluctuations over the past several quarters. The company's payables turnover period ranged from a low of 10.47 days to a high of 20.60 days. In general, a lower number of days of payables indicates that the company takes less time to settle its payables to suppliers, which can be a positive indicator of efficient cash management.

It's worth noting that the number of days of payables decreased in the most recent quarter compared to the preceding quarter, which suggests that the company may have been managing its payables more efficiently during that period.

Overall, monitoring the trend in the number of days of payables can provide insights into how American Woodmark Corporation is managing its relationships with suppliers and its cash flow.