Donaldson Company Inc (DCI)
Number of days of payables
| Jul 31, 2024 | Apr 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 6.09 | 6.19 | 7.00 | 6.94 | 7.45 | 7.36 | 7.57 | 7.16 | 6.62 | 6.38 | 6.37 | 6.35 | 6.40 | 6.65 | 7.44 | 8.03 | 9.10 | 8.82 | 8.75 | 8.18 | |
| Number of days of payables | days | 59.90 | 58.96 | 52.16 | 52.58 | 49.02 | 49.60 | 48.22 | 51.00 | 55.18 | 57.23 | 57.34 | 57.47 | 57.03 | 54.88 | 49.04 | 45.43 | 40.11 | 41.38 | 41.74 | 44.60 |
July 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.09
= 59.90
The number of days of payables for Donaldson Company Inc has shown some fluctuation over the past few years. The trend indicates that the company takes, on average, around 50 to 60 days to pay its suppliers. There was a notable increase in the number of days of payables from approximately 40 days in October 2020 to close to 60 days in January 2021, after which it has remained around that level. This suggests a possible change in the company's payment processes or supplier relationships around that time. However, it is important to consider other factors such as changes in the company's business operations or industry dynamics that may have influenced this ratio. Overall, monitoring the number of days of payables can provide insights into the company's liquidity, working capital management, and relationships with suppliers.