Acuity Brands Inc (AYI)
Number of days of payables
| Aug 31, 2024 | May 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 9.47 | 10.43 | 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 | |
| Number of days of payables | days | 38.56 | 34.99 | 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 |
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 shown fluctuations over the past several periods. The average number of days of payables has been relatively stable, ranging from around 29 days to 68 days.
In general, a lower number of days of payables indicates that the company is taking a shorter time to pay its suppliers, which may suggest efficient cash management or strong negotiating power. Conversely, a higher number of days of payables may indicate that the company is taking a longer time to pay its suppliers, potentially signaling liquidity issues or strained supplier relationships.
It is important to examine the trend in the number of days of payables over time, as well as compare it to industry benchmarks to gain a deeper understanding of Acuity Brands Inc's payment practices and financial health.
Peer comparison
Aug 31, 2024