Eagle Materials Inc (EXP)
Number of days of payables
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 13.50 | 14.81 | 12.83 | 15.74 | 17.45 | |
| Number of days of payables | days | 27.04 | 24.65 | 28.46 | 23.19 | 20.92 |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.50
= 27.04
The number of days of payables for Eagle Materials Inc has shown some fluctuation in recent years. As of March 31, 2024, the company took approximately 27.04 days to pay its suppliers on average, longer than in the previous year when it took 24.65 days. In comparison to March 31, 2020, when it took 20.92 days, the current payment period has increased. This suggests that the company may be taking slightly longer to settle its outstanding payables, which could impact its relationships with suppliers and cash flow management. Monitoring this metric over time can provide insights into the efficiency of the company's working capital management.