Capri Holdings Ltd (CPRI)
Number of days of payables
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 15.34 | 10.37 | 8.50 | 7.83 | 13.40 | |
| Number of days of payables | days | 23.80 | 35.21 | 42.93 | 46.62 | 27.24 |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.34
= 23.80
Capri Holdings Ltd's number of days of payables has shown a decreasing trend over the past five years. As of March 31, 2024, the company takes approximately 23.80 days to pay its suppliers, which is a notable improvement compared to the previous years. This suggests that Capri Holdings has been managing its payables more efficiently, potentially negotiating better terms with its suppliers or streamlining its payment processes. A lower number of days of payables indicates a better liquidity position and may also signify improved working capital management within the company. It is important to monitor this metric to ensure continued effectiveness in managing payables and sustaining positive supplier relationships.
Peer comparison
Mar 31, 2024