Coty Inc (COTY)
Number of days of payables
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 3.96 | 3.47 | 3.98 | 3.97 | 5.08 | |
| Number of days of payables | days | 92.09 | 105.24 | 91.66 | 91.94 | 71.85 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.96
= 92.09
The number of days of payables for Coty Inc has fluctuated over the past five years. In the most recent period ending June 30, 2024, the company took on average approximately 92.09 days to pay its creditors. This represents a decrease from the previous year where the number of days of payables was 105.24 days.
Compared to two years ago, the number of days of payables in 2024 is relatively consistent, as in June 30, 2022 the figure stood at 91.66 days. Looking further back, in June 30, 2021, the company also took around 91.94 days to settle its payables.
The most significant change occurred in June 30, 2020, when Coty Inc had a notably lower number of days of payables at 71.85 days, indicating a more prompt payment of obligations during that period.
Overall, a lower number of days of payables suggests that the company is paying its creditors more quickly, which can positively impact relationships with suppliers but may also put pressure on cash flow management. On the other hand, a higher number of days of payables could indicate potential cash flow advantages but may strain relationships with suppliers if payments are delayed.
Peer comparison
Jun 30, 2024