National Beverage Corp (FIZZ)
Number of days of payables
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | 9.75 | — | 9.12 | — | |
| Number of days of payables | days | — | 37.44 | — | 40.02 | — |
April 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The number of days of payables for National Beverage Corp has shown a fluctuating trend over the period analyzed. As of April 29, 2023, the company took approximately 40.02 days to pay its outstanding liabilities to suppliers. This indicates that, on average, it takes around 40 days for the company to settle its accounts payable. Subsequently, by April 27, 2024, this number had decreased to 37.44 days, suggesting an improvement in the efficiency of the company's payment process. However, it is important to note that there were instances where the data was not available, denoted by "— days," which may impact the overall analysis. The company's ability to manage its payables effectively is crucial for maintaining strong relationships with its suppliers and optimizing working capital management.
Peer comparison
Apr 30, 2024