Acuity Brands Inc (AYI)
Number of days of payables
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.47 | 12.40 | 8.90 | 5.07 | 5.89 | |
| Number of days of payables | days | 38.56 | 29.44 | 41.03 | 71.95 | 61.94 |
August 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.47
= 38.56
The number of days of payables for Acuity Brands Inc has fluctuated over the past five years. In 2024, the company took approximately 38.56 days to pay off its accounts payable, which is longer compared to the previous year where it took around 29.44 days. This indicates that the company extended its payment terms to suppliers in 2024.
In 2022, the number of days of payables increased to 41.03 days, showing a slowdown in the payment cycle compared to the previous year. However, in 2021, the company significantly reduced the number of days of payables to 71.95 days, which suggests more timely payments to suppliers.
In 2020, Acuity Brands Inc had a number of days of payables of 61.94 days, indicating a longer payment period compared to 2023 and 2024 but shorter than in 2021. Overall, the trend in the number of days of payables has been somewhat volatile over the years, reflecting changes in the company's working capital management and payment strategies.
Peer comparison
Aug 31, 2024