Greif Bros Corporation (GEF)
Number of days of payables
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 10.10 | 9.55 | 9.66 | 10.22 | 11.79 | 10.33 | 9.19 | 9.36 | 8.97 | 7.29 | 5.55 | 5.81 | 6.83 | 7.04 | 7.28 | 7.84 | 8.61 | 7.21 | 6.82 | 6.10 | |
| Number of days of payables | days | 36.14 | 38.21 | 37.80 | 35.72 | 30.95 | 35.35 | 39.70 | 38.99 | 40.71 | 50.06 | 65.73 | 62.84 | 53.42 | 51.83 | 50.11 | 46.54 | 42.41 | 50.62 | 53.48 | 59.88 |
January 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.10
= 36.14
The number of days of payables for Greif Inc has shown some fluctuations over the past few quarters. In Q1 2024, the company's payables were 42.31 days, slightly lower compared to the previous quarter's 44.62 days in Q4 2023. This indicates that the company took fewer days to pay off its liabilities in Q1 2024.
Looking at the trend over the past year, there was a notable increase in the number of days of payables from Q1 2023 to Q3 2023, with a peak of 45.42 days in Q3 2022. However, the number decreased in Q4 2022 and Q1 2023 before showing some volatility in the subsequent quarters.
Overall, Greif Inc's number of days of payables suggests that the company has been managing its payables efficiently, with fluctuations indicating potential changes in the company's payment practices or relationships with suppliers. Further analysis in conjunction with other financial metrics would provide a more comprehensive understanding of the company's working capital management and potential liquidity risks.