Walt Disney Company (DIS)

Number of days of payables

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Payables turnover		1.39	1.37	1.15	0.99	1.54
Number of days of payables	days	262.90	267.08	318.31	367.27	236.50

September 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.39
= 262.90

The number of days of payables for Walt Disney Company has shown a fluctuating trend over the past five years. In 2024, the company's number of days of payables stood at 262.90 days, indicating that on average, it takes approximately 262.90 days for Disney to pay off its accounts payable. This represents a slight improvement from the previous year, where the number of days of payables was 267.08 days.

Compared to 2022 and 2021, where the number of days of payables was significantly higher at 318.31 days and 367.27 days respectively, the current figure suggests that Disney has been more efficient in managing its payables in 2024. However, it is worth noting that in 2020, the company's number of days of payables was lower at 236.50 days compared to the most recent data, indicating that there has been some volatility in this metric over the years.

Overall, the decreasing trend in the number of days of payables for Walt Disney Company in 2024 compared to the previous year reflects improved payment efficiency and potentially better cash flow management. This metric is an important indicator of how quickly a company is able to pay off its outstanding liabilities, and a lower number of days of payables generally signifies more effective working capital management.