Azenta Inc (AZTA)
Number of days of payables
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 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 | 11.96 | 15.41 | 12.24 | |
| Number of days of payables | days | 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 | 30.52 | 23.69 | 29.81 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 19.03
= 19.18
Based on the historical trend of Azenta Inc's number of days of payables, there appears to be significant fluctuation over the past few quarters. In Q1 2024, the number of days of payables decreased to 37.63 days compared to the previous quarter Q4 2023, where it was at 32.51 days. This suggests that the company may be managing its payables more efficiently in the most recent quarter.
However, looking further back at Q3 2022, there was a substantial increase in the number of days of payables to 532.05 days, indicating a prolonged period in which the company took to pay its obligations. This anomaly in Q3 2022 could be an outlier or a result of certain exceptional circumstances during that period.
Overall, Azenta Inc's number of days of payables has shown variability, with efforts to manage payables more effectively seen in the latest quarter. It would be important to further investigate the reasons behind these fluctuations to assess the company's working capital management and supplier relationships.
Peer comparison
Dec 31, 2023