Commercial Metals Company (CMC)

Number of days of payables

		Aug 31, 2024	May 31, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020	Nov 30, 2019
Payables turnover		20.81	17.82	15.01	16.21	15.59	20.25	18.49	19.64	17.81	14.99	16.80	15.43	13.63	16.62	16.90	20.26	19.13	22.45	19.63	22.62
Number of days of payables	days	17.54	20.48	24.32	22.52	23.41	18.02	19.74	18.58	20.49	24.35	21.72	23.65	26.79	21.96	21.60	18.02	19.08	16.26	18.60	16.13

August 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 20.81
= 17.54

The number of days of payables for Commercial Metals Company has fluctuated over the past two years, ranging from a low of 16.13 days to a high of 26.79 days. On average, the company takes around 20 days to pay its accounts payable. It is important to note that a lower number of days of payables indicates the company is paying its suppliers more quickly, while a higher number suggests a longer payment period. Analyzing changes in the number of days of payables over time can provide insights into the company's liquidity management and relationships with suppliers.