Azenta Inc (AZTA)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 20.68 | 22.58 | 15.69 | 14.19 | 32.12 | |
| Number of days of payables | days | 17.65 | 16.16 | 23.27 | 25.72 | 11.36 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 20.68
= 17.65
The number of days of payables for Azenta Inc has shown some fluctuations over the past five years.
In the most recent fiscal year ending September 30, 2024, Azenta's number of days of payables was 17.65 days, showing a slight increase compared to the previous year's figure of 16.16 days. This increase may indicate that the company is taking slightly longer to pay its suppliers or manage its accounts payable.
Looking back over the five-year period, we can see that in 2022 and 2021, Azenta's number of days of payables was higher at 23.27 days and 25.72 days, respectively. This suggests that during those years, the company took a longer time to settle its payables, which could have implications for its working capital management and cash flow.
On the other hand, Azenta recorded a notably lower number of days of payables in 2020 at 11.36 days, indicating that the company was able to manage its payables efficiently that year.
Overall, the trend in Azenta's number of days of payables shows some variability, with fluctuations in the company's payment practices over the past five years. Monitoring this ratio can provide insights into the company's liquidity position, working capital management, and relationships with its suppliers.
Peer comparison
Sep 30, 2024