Edgewell Personal Care Co (EPC)
Number of days of payables
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.74 | 5.64 | 5.42 | 5.88 | 5.27 | |
| Number of days of payables | days | 54.13 | 64.68 | 67.31 | 62.12 | 69.25 |
September 30, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.74
= 54.13
The number of days of payables for Edgewell Personal Care Co has exhibited fluctuations over the past five years. As of September 30, 2023, the company's number of days of payables was 54.13 days, representing a decrease from the previous year. This suggests that the company took fewer days to pay its suppliers compared to the prior period, indicating potential improvements in its working capital management or negotiation of payment terms with suppliers. However, it is important to consider the broader context and assess whether this improvement is sustainable or is influenced by temporary factors. Overall, monitoring the trend of the number of days of payables provides insights into the company's efficiency in managing its accounts payable and its relationships with suppliers.
Peer comparison
Sep 30, 2023