Azenta Inc (AZTA)
Number of days of payables
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 22.58 | 15.69 | 14.19 | 32.12 | 12.44 | |
| Number of days of payables | days | 16.16 | 23.27 | 25.72 | 11.36 | 29.34 |
September 30, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 22.58
= 16.16
To analyze Azenta Inc's number of days of payables, it is important to note that this ratio measures the average number of days it takes for the company to pay its suppliers. A decrease in the number of days of payables indicates that the company is paying its suppliers more quickly, while an increase suggests a lengthening of the payment period.
Looking at the trend over the past five years, we observe a decreasing number of days of payables, which implies that Azenta Inc has been paying its suppliers more promptly. This may indicate improved cash management or stronger negotiation power with suppliers. It is noteworthy that the number of days of payables has decreased from 57.29 days in 2021 to 32.51 days in 2023, demonstrating a significant improvement over the two-year period.
Overall, the declining trend in the number of days of payables suggests that Azenta Inc has been managing its supplier payments more effectively, potentially contributing to improved relationships with suppliers and better cash flow management. This trend may have positive implications for the company's working capital and financial health.
Peer comparison
Sep 30, 2023