ESCO Technologies Inc (ESE)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.33 | 6.67 | 6.67 | 7.85 | 9.07 | |
| Number of days of payables | days | 57.66 | 54.70 | 54.70 | 46.48 | 40.24 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.33
= 57.66
The number of days of payables for ESCO Technologies Inc has shown an increasing trend over the past five years. In particular, the number of days of payables has risen from 40.24 days in September 2020 to 57.66 days in September 2024. This indicates that the company is taking a longer time to pay its suppliers and vendors, potentially reflecting changes in the company's payment practices or terms negotiated with suppliers. The increase in the number of days of payables may have implications for ESCO's working capital management and cash flow position, as longer payables periods can provide additional liquidity in the short term but may also signal potential strains on supplier relationships in the long run.
Peer comparison
Sep 30, 2024