Calavo Growers Inc (CVGW)
Number of days of payables
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 178.55 | 62.90 | 59.31 | 55.37 | 65.46 | 113.90 | 107.12 | 63.67 | 95.23 | 109.12 | 96.19 | 71.63 | 70.03 | 113.68 | 105.40 | 154.72 | 53.02 | 64.72 | 72.67 | 76.06 | |
| Number of days of payables | days | 2.04 | 5.80 | 6.15 | 6.59 | 5.58 | 3.20 | 3.41 | 5.73 | 3.83 | 3.35 | 3.79 | 5.10 | 5.21 | 3.21 | 3.46 | 2.36 | 6.88 | 5.64 | 5.02 | 4.80 |
January 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 178.55
= 2.04
The number of days of payables for Calavo Growers Inc has shown some fluctuations over the past few quarters. The trend indicates that the company takes approximately 3 to 6 days to pay its suppliers for goods and services purchased.
In the recent quarter ending January 31, 2024, the number of days of payables was 2.04 days, which was lower compared to the previous quarter where it was 5.80 days. This suggests that the company was able to manage its payables more efficiently during this period.
Looking at the longer-term trend, it is observed that the number of days of payables has generally been in the range of 3 to 6 days over the past few years. This indicates that Calavo Growers Inc maintains a relatively short payment cycle with its suppliers.
Overall, the company's ability to manage its payables effectively by maintaining a consistent number of days for payment signifies good financial health and operational efficiency. It is essential for the company to continue monitoring and managing its payables to ensure a balanced and sustainable working capital position.