DXC Technology Co (DXC)

Number of days of payables

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Payables turnover		15.62	17.14	24.52	21.86	19.97	16.12	16.54	18.49	18.00	22.69	24.52	21.79	21.21	26.40	17.09	16.82	16.02	11.67	9.08	5.46
Number of days of payables	days	23.36	21.30	14.89	16.69	18.28	22.64	22.07	19.74	20.28	16.09	14.89	16.75	17.21	13.83	21.36	21.70	22.78	31.29	40.21	66.86

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 shown some fluctuations over the past quarters. As of March 31, 2024, the company took approximately 23.36 days to pay its suppliers. This represents an increase from the previous quarter, where the number of days of payables was 21.30 days.

Looking further back, we observe that the number of days of payables has generally trended lower since the third quarter of 2021 when it was at 66.86 days. This downward trend indicates that DXC Technology Co has been managing its payables more efficiently in recent quarters.

It is important to note that a lower number of days of payables may suggest that the company is paying its suppliers more quickly, which could potentially strain its working capital. Conversely, a higher number of days of payables may indicate that the company is taking longer to pay its suppliers, potentially indicating cash flow or operational issues.

Overall, the trend in the number of days of payables for DXC Technology Co reflects changes in the company's payment practices and financial management strategies over the analyzed period.