CSW Industrials Inc (CSWI)
Number of days of payables
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.14 | 10.82 | 7.74 | 7.22 | 9.50 | |
| Number of days of payables | days | 39.95 | 33.75 | 47.13 | 50.52 | 38.42 |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.14
= 39.95
The number of days of payables for CSW Industrials Inc has shown variability over the past five years. The company's number of days of payables was highest in March 2022 at 31.52 days, indicating that, on average, it took around one month to pay off its outstanding liabilities. In the following year, this metric decreased slightly to 31.99 days, indicating a slight improvement in the efficiency of paying off its obligations.
However, in the most recent year, as of March 2024, CSW Industrials Inc managed to further reduce its number of days of payables to 26.83 days, demonstrating an ability to optimize its payment processes. This indicates that the company is now taking less time, on average, to settle its accounts payable, which can be seen as a positive trend in managing its working capital.
Overall, the trend in the number of days of payables for CSW Industrials Inc suggests that the company has been working towards improving its payment efficiency and liquidity management over the years. A lower number of days of payables indicates that the company is managing its payables effectively, potentially benefiting from favorable payment terms with its suppliers or streamlining its accounts payable processes.
Peer comparison
Mar 31, 2024