Core & Main Inc (CNM)
Number of days of payables
| Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 11.83 | 9.11 | 9.75 | 10.07 | 12.27 | 8.22 | 6.58 | 5.83 | ||||
| Number of days of payables | days | 30.86 | 40.05 | 37.42 | 36.24 | 29.75 | 44.39 | 55.45 | 62.57 |
January 28, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.83
= 30.86
Core & Main Inc has demonstrated varying trends in their number of days of payables over the past several periods. The number of days of payables has ranged from a low of 29.75 days to a high of 62.57 days, indicating fluctuations in the company's payment practices.
In general, a lower number of days of payables suggests that the company is taking less time to pay its suppliers, which can sometimes indicate a strong cash position or good relationships with suppliers. On the other hand, a higher number of days of payables may suggest that the company is taking longer to pay its suppliers, potentially reflecting cash flow challenges or strategic management of working capital.
Analyzing the trend over time can provide insights into how Core & Main Inc is managing its payables and overall financial health. For example, significant increases in the number of days of payables could indicate potential liquidity issues, while decreases in this metric may suggest improved efficiency in managing supplier payments. Further examination and comparison with industry benchmarks or historical data would be beneficial to gain a more comprehensive understanding of the company's financial performance.