Cintas Corporation (CTAS)

The number of days of payables for Cintas Corporation has shown a fluctuating trend over the observed period from May 31, 2021, to May 31, 2024. At the end of fiscal year 2021, the payable period was approximately 22.16 days, indicating that the company settled its payables in about three weeks. This metric decreased slightly in 2022, reaching around 21.74 days, which suggests a marginally faster payment cycle compared to the previous year.

However, in the subsequent year, 2023, the company extended its payable period to approximately 23.77 days, reflecting a slight increase. This elongation indicates that Cintas delayed its payments to suppliers by nearly a week compared to 2022, possibly indicating strategic negotiation or cash flow considerations. The trend continued into 2024, with the payable days increasing further to 25.21 days, suggesting a deliberate extension of the payment cycle.

As of the latest data for 2025, the number of days of payables is not available, which precludes further analysis for that period. Overall, the data indicates a gradual extension of the accounts payable period over the observed annual cycles, which could be indicative of changes in payment policies, supplier relationships, or cash management strategies.

Peer comparison

May 31, 2025