Aramark Holdings (ARMK)
Number of days of payables
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 14.29 | 11.57 | 12.58 | 19.19 | 15.34 | |
| Number of days of payables | days | 25.54 | 31.55 | 29.01 | 19.02 | 23.79 |
September 30, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.29
= 25.54
The number of days of payables for Aramark Holdings has fluctuated over the past five years. As of September 30, 2023, the company took approximately 25.54 days to pay its outstanding payables. This represents a decrease from the previous year when the number of days of payables was 31.55 days.
Comparing this figure to earlier years, we see that in 2021 and 2019, Aramark Holdings took 29.01 days and 23.79 days, respectively, to pay its payables. Notably, in 2020, the company had the lowest number of days of payables at 19.02 days.
Overall, a decreasing trend in the number of days of payables may suggest improved liquidity or efficiency in managing payables. Conversely, an increasing trend could indicate potential cash flow challenges or a change in payment practices. Analyzing this metric alongside other financial ratios can provide a more comprehensive understanding of Aramark Holdings' financial performance and operational efficiency.
Peer comparison
Sep 30, 2023