ESCO Technologies Inc (ESE)
Number of days of payables
| Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 6.33 | 7.29 | 7.30 | 7.54 | 6.67 | 7.43 | 7.00 | 7.37 | 6.67 | 7.06 | 6.66 | 7.13 | 7.85 | 8.79 | 9.38 | 10.21 | 9.07 | 8.37 | 8.43 | 8.34 | |
| Number of days of payables | days | 57.66 | 50.04 | 50.01 | 48.38 | 54.70 | 49.13 | 52.13 | 49.54 | 54.70 | 51.71 | 54.77 | 51.20 | 46.48 | 41.54 | 38.93 | 35.75 | 40.24 | 43.60 | 43.30 | 43.79 |
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 some fluctuations over the past several quarters. The trend indicates that the company takes approximately 50 to 55 days on average to pay its accounts payable.
The number of days of payables increased slightly in the most recent quarter to 57.66 days compared to the previous quarter at 50.04 days, which may suggest that the company is taking slightly longer to pay its suppliers. However, the current level is still within a reasonable range.
Overall, ESCO Technologies Inc's number of days of payables appears to be relatively stable, indicating a consistent approach to managing its accounts payable obligations. It is important for the company to monitor this ratio to ensure efficient cash flow management and healthy vendor relationships.
Peer comparison
Sep 30, 2024