Aramark Holdings (ARMK)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 12.07 | 14.29 | 11.57 | 12.58 | 19.19 | |
| Number of days of payables | days | 30.24 | 25.54 | 31.55 | 29.01 | 19.02 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.07
= 30.24
Aramark Holdings' number of days of payables has shown some variability over the past five years. In particular, it increased from 19.02 days in 2020 to 31.55 days in 2022 before declining slightly to 30.24 days in 2024. This suggests that the company takes approximately one month on average to pay its suppliers and vendors. The increase in the number of days of payables from 2020 to 2022 could indicate a change in payment terms or perhaps some challenges in managing working capital efficiently during that period. Overall, a relatively stable number of days of payables over the past few years may indicate a consistent approach to managing trade payables within Aramark Holdings.
Peer comparison
Sep 30, 2024