Cavco Industries Inc (CVCO)

Cavco Industries Inc's number of days of payables has shown variability over the past five years. In the most recent fiscal year ending on March 31, 2024, the company took approximately 8.95 days to pay its suppliers, which represents a slight increase compared to the prior year. This suggests that the company is making payments to its suppliers at a faster rate in 2024.

Comparing the number of days of payables to previous years, we observe that Cavco Industries Inc has been managing its payables efficiently. The number of days of payables was significantly lower in 2020 and 2021, indicating that the company was taking longer to pay its suppliers during those periods. However, there was an improvement in 2022 and 2023 before the slight increase in 2024.

Overall, a lower number of days of payables indicates that a company is paying its suppliers more quickly, which can be beneficial for maintaining good supplier relationships. However, it's essential to strike a balance between managing payables efficiently and ensuring sufficient cash flow for operations. Cavco Industries Inc's trend in the number of days of payables reflects its ability to manage supplier payments effectively over the years.