Griffon Corporation (GFF)

The number of days of payables for Griffon Corporation has varied over the past five years. In the most recent fiscal year ending on September 30, 2024, the company took approximately 18.71 days to pay its outstanding payables, compared to 15.87 days in the previous year and 23.02 days two years ago. This indicates that Griffon Corporation has been managing its payables efficiently, as the number of days to pay suppliers has decreased in the last year. However, it is important to note that the number of days of payables in 2024 is still higher than in 2023.

In the fiscal year ending on September 30, 2021, Griffon Corporation had a significantly higher number of days of payables at 44.18 days, which may suggest a slower payment cycle or potential liquidity challenges during that period. The decrease in the number of days of payables in 2022 and the subsequent further decrease in 2023 and 2024 could indicate improved liquidity or more efficient management of working capital.

Overall, the trend in the number of days of payables for Griffon Corporation reflects a fluctuating but generally decreasing pattern over the past five years, with the company apparently making efforts to optimize its payment cycles and enhance its financial efficiency.