Ashland Global Holdings Inc (ASH)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.99 | 7.25 | 5.89 | 6.11 | 6.72 | |
| Number of days of payables | days | 52.25 | 50.33 | 61.96 | 59.78 | 54.35 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.99
= 52.25
The number of days of payables for Ashland Global Holdings Inc has fluctuated over the past five years, ranging from 50.33 days in 2023 to 61.96 days in 2022. In 2024, the number of days of payables was 52.25 days, showing a slight increase from the previous year but remaining relatively stable compared to the historical trend.
A lower number of days of payables indicates that the company is taking less time to pay its suppliers, potentially reflecting efficient cash management practices or strong supplier relationships. Conversely, a higher number of days of payables may suggest delays in payments to suppliers, which could impact relationships or indicate cash flow challenges.
Overall, analyzing the trend in the number of days of payables can provide insights into Ashland Global Holdings Inc's liquidity position, working capital management, and financial health.
Peer comparison
Sep 30, 2024