Capri Holdings Ltd (CPRI)
Number of days of payables
| 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 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 15.34 | 13.58 | 14.05 | 10.40 | 10.37 | 9.48 | 13.28 | 8.99 | 8.50 | 7.88 | 9.26 | 9.47 | 7.84 | 6.42 | 6.10 | 6.40 | 10.48 | 10.75 | 9.75 | 9.88 | |
| Number of days of payables | days | 23.80 | 26.88 | 25.98 | 35.11 | 35.21 | 38.50 | 27.49 | 40.61 | 42.93 | 46.30 | 39.43 | 38.53 | 46.56 | 56.82 | 59.81 | 56.99 | 34.82 | 33.94 | 37.44 | 36.95 |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.34
= 23.80
Number of days of payables is a measure that indicates how long, on average, a company takes to pay its suppliers and vendors. A lower number of days suggests that the company is more efficient in managing its accounts payable.
For Capri Holdings Ltd, the number of days of payables has fluctuated over the past few quarters. In the latest quarter as of March 31, 2024, the company took approximately 23.80 days to pay its suppliers, which is a decrease from the previous quarter. This suggests an improvement in the company's ability to manage its payables efficiently.
Looking at the trend over the past few quarters, there seems to be some variability in the number of days of payables, with some quarters showing lower numbers while others showing higher numbers. This could be influenced by various factors such as changes in procurement practices, negotiation with suppliers, or changes in business operations.
Overall, a lower number of days of payables can indicate better liquidity and cash flow management for Capri Holdings Ltd, as the company is able to maintain good relationships with suppliers while also effectively managing its working capital. It is essential for the company to monitor this metric regularly and ensure that payables are managed optimally to support its overall financial health.
Peer comparison
Mar 31, 2024