Cencora Inc. (COR)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 5.58 | 5.52 | 5.73 | 5.45 | 5.83 | |
| Number of days of payables | days | 65.46 | 66.07 | 63.70 | 67.01 | 62.65 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.58
= 65.46
The number of days of payables for Cencora Inc. has shown a fluctuating trend over the past five years. In the most recent fiscal year ending on September 30, 2024, the company took approximately 65.46 days to pay its suppliers, which represents a slight decrease compared to the previous year.
Looking back, there was a gradual increase in the number of days of payables from 62.65 days in 2020 to 67.01 days in 2021. However, the trend reversed in 2022 when the number of days decreased to 63.70 days before slightly increasing again in 2023.
The variability in the number of days of payables may suggest changes in Cencora Inc.'s payment policies or relationships with suppliers. A longer number of days of payables may indicate that the company is taking longer to settle its outstanding invoices, which could potentially signal liquidity constraints or strained vendor relationships. Conversely, a shorter number of days of payables may imply efficient cash management practices or favorable payment terms negotiated with suppliers.
It is important for stakeholders to monitor the trend in the number of days of payables to assess Cencora Inc.'s liquidity position, operational efficiency, and supplier relations. Further analysis and comparisons with industry benchmarks or peer companies may provide additional insights into the company's financial health.
Peer comparison
Sep 30, 2024