Donaldson Company Inc (DCI)
Number of days of payables
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.09 | 7.45 | 6.62 | 6.40 | 9.11 | |
| Number of days of payables | days | 59.90 | 49.02 | 55.18 | 56.99 | 40.06 |
July 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.09
= 59.90
Donaldson Company Inc's number of days of payables has varied over the past five years. In the most recent period as of July 31, 2024, the company took approximately 59.90 days, on average, to pay its suppliers. This represents an increase compared to the previous year, indicating a potential slowing down of the payment cycle.
In the earlier years, the number of days of payables fluctuated, with the highest figure of 56.99 days in July 31, 2021, and the lowest at 40.06 days in July 31, 2020. This suggests some variability in the company's payment practices over the years.
Overall, the trend in the number of days of payables for Donaldson Company Inc appears to have increased in recent years, potentially indicating a shift towards a longer payable cycle. It is essential for stakeholders to monitor this metric closely to assess the company's liquidity management and supplier relationships.