DXC Technology Co (DXC)
Number of days of payables
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 15.62 | 19.97 | 18.00 | 21.21 | 16.02 | |
| Number of days of payables | days | 23.36 | 18.28 | 20.28 | 17.21 | 22.78 |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.62
= 23.36
The number of days of payables for DXC Technology Co has varied over the past five years. It increased from 17.21 days in 2021 to 20.28 days in 2022 before slightly declining to 18.28 days in 2023. However, in the most recent fiscal year ending on March 31, 2024, the number of days of payables increased to 23.36 days.
This trend indicates that DXC Technology Co is taking longer to pay its creditors over time, which may suggest potential cash flow challenges or changes in the company's payment policies. A longer number of days of payables can also indicate a more favorable position for the company, as it allows for better cash management and potential opportunities for investment.
Further analysis of the company's financial position, operational efficiency, and payment terms with suppliers could provide more insight into the reasons behind the changes in the number of days of payables.
Peer comparison
Mar 31, 2024