Azenta Inc (AZTA)
Number of days of payables
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 20.13 | 22.86 | 23.80 | 19.03 | 22.07 | 19.67 | 15.44 | 12.09 | 15.42 | 8.69 | 11.39 | 10.60 | 13.42 | 9.34 | 11.03 | 11.93 | 30.85 | 10.92 | 11.79 | 11.24 | |
| Number of days of payables | days | 18.13 | 15.96 | 15.33 | 19.18 | 16.54 | 18.56 | 23.64 | 30.18 | 23.67 | 41.99 | 32.04 | 34.44 | 27.19 | 39.09 | 33.09 | 30.60 | 11.83 | 33.43 | 30.97 | 32.48 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 20.13
= 18.13
The number of days of payables for Azenta Inc has fluctuated over the past few years, indicating varying efficiency in managing its accounts payable.
From December 2019 to December 2020, the number of days of payables increased steadily, reaching a peak of 41.99 days in June 2022. This suggests that Azenta was taking longer to pay its suppliers during this period, potentially straining its relationships or cash flow.
Subsequently, there was a significant improvement in payables management, with the number of days decreasing to 15.33 days by March 2024. This reduction indicates that Azenta started paying its suppliers more promptly, potentially benefiting from improved cash flow or negotiation strategies.
Overall, a decreasing trend in the number of days of payables from June 2022 to March 2024 reflects better management of accounts payable by Azenta Inc, which can positively impact liquidity and relationships with suppliers. Monitoring this ratio will be crucial to assess the company's efficiency in managing its working capital in the future.
Peer comparison
Sep 30, 2024