Coty Inc (COTY)

The analysis of Coty Inc's number of days of payables over the specified period indicates a notable fluctuation in this liquidity metric. As of June 30, 2021, the company maintained an average of approximately 228.62 days of payables, reflecting the average period it took to pay its suppliers. This figure experienced an upward trend over the subsequent year, increasing to approximately 239.22 days by June 30, 2022, suggesting a slight extension in payment terms or a strategic shift toward delaying payable settlements.

The upward trajectory continued into June 30, 2023, reaching approximately 262.76 days, which indicates a significant extension—adding almost 24 days from the prior year—highlighting a possible deliberate effort to prolong payment cycles, potentially to improve cash flow management or due to changes in supplier credit policies.

However, this trend did not persist unilaterally, as by June 30, 2024, the days of payables decreased to approximately 235.47 days. Although still elevated compared to 2021 and 2022, this reduction suggests a partial normalization or tightening of payment terms, possibly in response to improved operational liquidity or a strategic reevaluation of trade payables.

The most recent figure, as of June 30, 2025, shows a substantial increase to approximately 332.94 days, indicating a considerable elongation of the average payment period. This level of payables duration reflects an aggressive extension of creditor payments, which could impact supplier relationships and creditworthiness, but may also serve as an aggressive cash management strategy.

Overall, the company's number of days of payables has exhibited significant variation, with an overall trend toward increased extension in payment periods, particularly notable in the latest year analyzed. Such fluctuations warrant ongoing monitoring to assess implications for working capital management, supplier relations, and financial health.

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Jun 30, 2025