Greenbrier Companies Inc (GBX)
Number of days of payables
| Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | — | — | — | — | |
| Number of days of payables | days | — | — | — | — | — |
August 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
To analyze Greenbrier Cos., Inc.'s number of days of payables, we observe a trend of the payables period over the past five years. In 2023, the number of days of payables is 41.35 days, which represents a decrease from the previous year. This suggests that the company is taking fewer days to pay off its suppliers and vendors, potentially improving its cash flow position.
Comparing the current value to the historical trend, we note that the number of days of payables has been fluctuating. In 2022, it was 54.85 days, significantly higher than the current year. In 2021, it was 63.82 days, indicating a longer period to pay off payables. This was a noteworthy increase from the 22.29 days reported in 2020, indicating a substantial change in the company's payables management.
The analysis of the number of days of payables suggests that Greenbrier Cos., Inc. has made improvements in managing its payables over the most recent year. However, it is essential to continue monitoring this trend to understand the company's ability to sustain effective payables management and its impact on overall financial health.
Peer comparison
Aug 31, 2023