Acuity Brands Inc (AYI)
Number of days of payables
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 10.56 | 11.06 | 12.40 | 10.41 | 11.23 | 8.73 | 8.89 | 5.68 | 5.35 | 5.65 | 5.64 | 7.92 | 9.09 | 9.40 | 9.25 | 9.16 | 9.49 | 9.88 | 9.56 | 8.12 | |
| Number of days of payables | days | 34.56 | 33.01 | 29.44 | 35.05 | 32.50 | 41.82 | 41.05 | 64.26 | 68.24 | 64.65 | 64.66 | 46.11 | 40.14 | 38.85 | 39.44 | 39.86 | 38.47 | 36.95 | 38.16 | 44.97 |
February 29, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.56
= 34.56
Acuity Brands Inc's number of days of payables has fluctuated over the past 20 periods. The average number of days of payables over this period is approximately 42.47 days. The company's shortest payment period was in August 2023, with 29.44 days, while the longest payment period was in August 2022, with 64.26 days. Generally, the company takes around 1 to 2 months to pay its bills, which indicates a relatively efficient management of its accounts payable. However, the variations in the number of days of payables may be influenced by factors such as changes in the company's payment terms with suppliers or the overall economic environment. Tracking this ratio over time can provide insights into the company's cash flow management and supplier relationships.
Peer comparison
Feb 29, 2024