Cavco Industries Inc (CVCO)
Number of days of payables
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 40.79 | 58.61 | 34.74 | 52.46 | 51.67 | 60.02 | 36.47 | 31.31 | 28.28 | 31.94 | 23.30 | 30.69 | 27.06 | 33.24 | 24.95 | 23.86 | 27.78 | 30.06 | 26.23 | 30.86 | |
| Number of days of payables | days | 8.95 | 6.23 | 10.51 | 6.96 | 7.06 | 6.08 | 10.01 | 11.66 | 12.91 | 11.43 | 15.67 | 11.89 | 13.49 | 10.98 | 14.63 | 15.30 | 13.14 | 12.14 | 13.91 | 11.83 |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 40.79
= 8.95
The number of days of payables for Cavco Industries Inc has exhibited some fluctuations over the past several quarters. The trend shows some variability, with the number of days of payables ranging from as low as 6.08 days to as high as 15.67 days. Overall, it appears that the company generally takes around 10 to 15 days to pay its payables.
The increase in the number of days of payables in certain quarters may indicate that Cavco Industries Inc is taking slightly longer to settle its outstanding payables, which could potentially reflect a deliberate strategy to manage its cash flow or negotiate more favorable payment terms with suppliers. Conversely, the lower number of days of payables suggests the company may be paying its obligations more promptly during those periods.
It would be useful to further investigate the reasons behind these fluctuations in the number of days of payables to understand the company's working capital management practices and its relationships with suppliers.