National Beverage Corp (FIZZ)
Number of days of payables
| Apr 27, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Jan 25, 2020 | Oct 26, 2019 | Jul 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 9.75 | 10.36 | 9.50 | 8.79 | 9.12 | 11.28 | 9.12 | 9.87 | 7.56 | 10.13 | 7.52 | 7.79 | 7.33 | 9.16 | 8.00 | 8.59 | 8.47 | 10.55 | 10.22 | 9.43 | |
| Number of days of payables | days | 37.44 | 35.24 | 38.43 | 41.55 | 40.02 | 32.35 | 40.00 | 36.96 | 48.30 | 36.03 | 48.55 | 46.86 | 49.79 | 39.84 | 45.62 | 42.51 | 43.07 | 34.59 | 35.73 | 38.69 |
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 over the specified periods varied between 32.35 days and 49.79 days. This metric indicates how long, on average, the company takes to pay its suppliers for purchases. A lower number of days of payables suggests that the company is paying its suppliers more quickly, potentially signaling strong cash flow management or efficient working capital practices. On the other hand, a higher number of days of payables could indicate a less aggressive approach to managing cash flow but may also reflect good relationships with suppliers.
Overall, National Beverage Corp's number of days of payables fluctuated over the periods provided, indicating varying dynamics in the company's payment practices and relationships with suppliers. It would be beneficial to track this metric over time to identify any trends or patterns that could provide insight into the company's financial management strategies.
Peer comparison
Apr 27, 2024