Core & Main Inc (CNM)
Number of days of payables
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Jan 28, 2024 | Oct 31, 2023 | Oct 29, 2023 | Jul 31, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 29, 2023 | Oct 31, 2022 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Apr 30, 2022 | Jan 31, 2022 | Jan 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | — | — | — | — | — | 11.16 | — | 8.89 | — | 8.35 | — | — | 11.51 | — | 7.90 | — | 5.42 | — | — | 7.14 | |
| Number of days of payables | days | — | — | — | — | — | 32.69 | — | 41.08 | — | 43.69 | — | — | 31.72 | — | 46.19 | — | 67.40 | — | — | 51.10 |
January 31, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The analysis of Core & Main Inc's number of days of payables over the specified periods reveals variability in the company's payment practices to its suppliers.
1. In January 2022, the number of days of payables stood at 51.10 days, demonstrating that the company took just over 51 days on average to settle its payables.
2. By May 2022, this metric increased to 67.40 days, indicating that Core & Main Inc extended its payment period to suppliers.
3. In October 2022, the number of days of payables decreased to 46.19 days, suggesting an improvement in the company's ability to manage its payables efficiently.
4. Subsequent periods show fluctuations in the number of days of payables, with values ranging from 31.72 days in January 2023 to 43.69 days in July 2023 and 32.69 days in January 2024.
5. However, there are several instances where the specific data for the number of days of payables is unavailable, denoted by "— days," making it challenging to assess the company's payment performance accurately during those periods.
Overall, the analysis highlights the importance of monitoring Core & Main Inc's number of days of payables as a key indicator of its management of trade credit and relationship with suppliers.