Coty Inc (COTY)
Number of days of payables
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 3.88 | 4.28 | 3.61 | 3.72 | 3.39 | 3.45 | 3.18 | 3.86 | 3.86 | 3.73 | 3.34 | 3.79 | 3.83 | 3.22 | 3.59 | 4.67 | 4.91 | 7.47 | 6.84 | 7.63 | |
| Number of days of payables | days | 93.99 | 85.30 | 101.00 | 98.05 | 107.72 | 105.70 | 114.67 | 94.57 | 94.45 | 97.84 | 109.35 | 96.29 | 95.36 | 113.19 | 101.78 | 78.19 | 74.36 | 48.89 | 53.36 | 47.85 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.88
= 93.99
Coty Inc's number of days of payables has fluctuated over the past several quarters. The company's days of payables ranged from a low of 47.85 days in March 2020 to a high of 114.67 days in December 2022.
The data indicates that Coty Inc takes varying amounts of time to pay its creditors, with longer periods in some quarters and shorter periods in others. This may suggest fluctuations in the company's payment practices and cash flow management.
Analyzing trends in the number of days of payables can provide insights into Coty Inc's liquidity position, working capital management, and relationships with suppliers. A higher number of days of payables may indicate that the company is taking longer to settle its debts, potentially signaling cash flow challenges or negotiating leverage with suppliers. Conversely, a lower number of days of payables may suggest efficient cash management or stronger bargaining power with suppliers.
It would be valuable for stakeholders to monitor Coty Inc's number of days of payables over time to assess changes in the company's payment behavior and financial health.
Peer comparison
Jun 30, 2024