Cintas Corporation (CTAS)
Number of days of payables
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 8.19 | 8.85 | 8.34 | 8.18 | 8.34 | 8.78 | 7.64 | 7.87 | 8.83 | 9.37 | 9.12 | 10.61 | 9.19 | 10.28 | 10.63 | 13.47 | 16.67 | 16.07 | 15.12 | 16.03 | |
| Number of days of payables | days | 44.58 | 41.26 | 43.75 | 44.60 | 43.77 | 41.60 | 47.79 | 46.37 | 41.32 | 38.97 | 40.02 | 34.40 | 39.74 | 35.52 | 34.35 | 27.10 | 21.89 | 22.71 | 24.13 | 22.77 |
May 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.19
= 44.58
The number of days of payables for Cintas Corporation has shown some fluctuation over the reported periods. On average, Cintas takes approximately 40 days to pay its suppliers.
Analyzing the trend, there seems to be a slight increase in the number of days of payables in recent periods, indicating that Cintas may be taking slightly longer to pay its suppliers. However, it is important to note that the number of days of payables is still within a reasonable range.
Overall, the trend in the number of days of payables for Cintas Corporation suggests that the company manages its payables efficiently and maintains a balanced approach in managing its cash flow and relationships with suppliers.
Peer comparison
May 31, 2024