National Beverage Corp (FIZZ)
Number of days of payables
| Apr 27, 2024 | Apr 29, 2023 | Apr 30, 2022 | May 1, 2021 | May 2, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.75 | 9.12 | 7.56 | 7.33 | 8.47 | |
| Number of days of payables | days | 37.44 | 40.02 | 48.30 | 49.79 | 43.07 |
April 27, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.75
= 37.44
The number of days of payables for National Beverage Corp has shown a downward trend over the past five years. As of April 27, 2024, the company takes approximately 37.44 days to pay its suppliers, which indicates an improvement in managing its accounts payable compared to the previous years. This trend suggests that the company has been able to negotiate better payment terms with its suppliers or streamline its payment processes. A decrease in the number of days of payables typically signifies better cash management and liquidity for the company.
Peer comparison
Apr 27, 2024
Company name
Symbol
Number of days of payables
National Beverage Corp
FIZZ
37.44
Celsius Holdings Inc
CELH
22.83
Coca-Cola Consolidated Inc.
COKE
—
Monster Beverage Corp
MNST
50.78