CSW Industrials, Inc. (CSW)
Number of days of payables
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.86 | 9.14 | 10.82 | 7.74 | 7.22 | |
| Number of days of payables | days | 41.22 | 39.95 | 33.75 | 47.13 | 50.52 |
March 31, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.86
= 41.22
The analysis of CSW Industrials, Inc.'s days payable outstanding (DPO) over the period from March 31, 2021, to March 31, 2025, reveals notable fluctuations in the company's accounts payable management. As of March 31, 2021, the company maintained an average of 50.52 days payable, indicating a relatively extended period before settling liabilities with suppliers. This figure decreased in the subsequent year, reaching 47.13 days as of March 31, 2022, reflecting a slight acceleration in payments.
The downward trend continued notably into March 31, 2023, when the DPO further contracted to 33.75 days. This significant reduction suggests that the company either improved its cash flow management, negotiated shorter credit terms with suppliers, or faced increased operational pressures requiring quicker payments. Interestingly, in the following year, the DPO slightly increased to 39.95 days by March 31, 2024, and further to 41.22 days by March 31, 2025. These increments may indicate a strategic shift towards extending payment cycles again, possibly to optimize working capital or respond to supplier negotiations.
Overall, the company's days payable outstanding demonstrate a decreasing trend over the three-year span from 50.52 days to a low of 33.75 days, followed by a modest rebound. This pattern reflects a period of more rapid payments post-2021, with a partial reversal in recent years. The movement in DPO suggests that CSW Industrials, Inc. has actively managed its payables, balancing between maintaining supplier relationships and optimizing cash flow.
Peer comparison
Mar 31, 2025