Estee Lauder Companies Inc (EL)

Number of days of payables

		Jun 30, 2024	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
Payables turnover		10.72	12.50	11.98	12.20	9.08	9.85	9.82	10.67	8.26	10.47	9.33	10.05	8.45	8.31	8.12	9.24	9.45	12.36	12.53	12.47
Number of days of payables	days	34.03	29.19	30.47	29.93	40.22	37.06	37.17	34.20	44.21	34.87	39.10	36.33	43.19	43.91	44.92	39.52	38.61	29.53	29.13	29.27

June 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.72
= 34.03

The number of days of payables for Estee Lauder Companies Inc has fluctuated over the past few quarters. The trend indicates a general stability in managing its payables, with variations reflecting the company's payment practices and relationships with suppliers. The average number of days of payables over the period under review is around 35 days, suggesting that the company takes approximately a month to pay its bills. Lower numbers, such as 29-30 days, indicate that the company is paying its suppliers relatively quickly, while higher numbers, around 40-45 days, suggest that payments are taking a bit longer to process. Overall, the company's payment cycle seems to be within a reasonable range, balancing cash flow considerations with maintaining good relationships with suppliers.