Acuity Brands Inc (AYI)
Number of days of payables
| Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 12.40 | 8.90 | 5.07 | 5.89 | 6.47 | |
| Number of days of payables | days | 29.44 | 41.03 | 71.95 | 61.94 | 56.39 |
August 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.40
= 29.44
The number of days of payables for Acuity Brands, Inc. has shown a decreasing trend over the past five years, indicating that the company is taking less time to pay its suppliers and vendors. In fiscal year 2023, the number of days of payables was 46.57 days, a significant decrease from 62.23 days in 2022 and 71.95 days in 2021. This trend suggests that the company may be managing its cash flow more efficiently and possibly negotiating more favorable payment terms with its suppliers. However, it's important to carefully monitor this trend to ensure that it does not negatively impact supplier relationships or operating cash flow.
Peer comparison
Aug 31, 2023