Commercial Metals Company (CMC)
Number of days of payables
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 20.80 | 21.07 | 17.83 | 13.63 | 19.13 | |
| Number of days of payables | days | 17.55 | 17.32 | 20.48 | 26.78 | 19.08 |
August 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 20.80
= 17.55
Commercial Metals Company's number of days of payables has fluctuated over the past five years. In the most recent fiscal year ending August 31, 2024, the company took around 17.55 days on average to pay its suppliers, which indicates a relatively efficient management of payables. This figure has slightly increased compared to the previous year when it was 17.32 days.
Looking further back, in fiscal year 2022, the number of days of payables increased significantly to 20.48 days, indicating a longer period taken to settle outstanding amounts with suppliers. The trend continues with fiscal year 2021 recording 26.78 days, reflecting a further elongation in the payables cycle.
However, there was an improvement in fiscal year 2020 with only 19.08 days needed to pay suppliers on average. Overall, the recent trend suggests Commercial Metals Company has been able to effectively manage its payables in the past two years, maintaining a relatively stable and efficient payment cycle.
Peer comparison
Aug 31, 2024