American Woodmark Corporation (AMWD)

The analysis of American Woodmark Corporation's number of days of payables over the specified periods reveals notable fluctuations that indicate shifts in the company's payment practices and working capital management.

From July 31, 2020, to October 31, 2020, the days payable increased from 17.66 days to 21.74 days, reflecting a slight elongation in the company's payment cycle. This trend continued into January 31, 2021, reaching 24.02 days, suggesting a strategic decision to delay payments or improved supplier terms. During the following quarters, payables remained relatively stable, with minor fluctuations: 23.47 days in April 2021, down slightly to 21.17 days in July 2021, and then increasing again to 20.56 days in October 2021 and 20.10 days in January 2022.

Between January 2022 and April 2022, the number of days of payables rose marginally to 24.94 days, maintaining a relatively higher level than previous periods. The subsequent quarter saw a modest decrease to 24.29 days, but by October 2022, the payable period sharply declined to 17.77 days, indicating a possible acceleration in payments or a change in vendor terms.

In early 2023, the payable days further decreased to 12.26 days in January and slightly increased to 13.65 days in April, maintaining a relatively short period compared to previous years. This shorter payable period continued into July 2023 (13.70 days) and October 2023 (13.98 days), suggesting consistent improvement in payment efficiency or tighter cash flow management.

However, in early 2024, the days of payables increased slightly to 15.95 days in January and 16.01 days in April, with a return to the previous levels observed in late 2023. Yet, by July 2024 and October 2024, payables again hovered around 17.5 days, indicating a stabilization of the company's payment cycle.

A significant change appears in the data point for April 2025, where the number of days of payables sharply escalates to 36.86 days. This marked increase may imply extended payment terms, possible delay strategies, or shifts in supplier agreements.

Overall, the trend reflects periods of both contraction and expansion in the company’s payable days, with notable short-term reductions in early 2023 followed by abrupt lengthening in April 2025. These fluctuations highlight strategic changes in cash management policies, supplier relationships, or operational needs over time.