GMS Inc (GMS)
Number of days of payables
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.94 | 12.70 | 11.39 | 9.54 | 12.52 | |
| Number of days of payables | days | 30.56 | 28.74 | 32.04 | 38.25 | 29.15 |
April 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.94
= 30.56
The number of days of payables for GMS Inc has varied over the past five years. In the latest period ending on April 30, 2024, the company took approximately 30.56 days to pay its suppliers, which is slightly higher compared to the previous year at 28.74 days. The number of days of payables has fluctuated over the years, with the highest being 38.25 days in April 2021 and the lowest at 29.15 days in April 2020. This suggests that GMS Inc has been managing its payables effectively, maintaining a relatively stable payment period to suppliers over time.
Peer comparison
Apr 30, 2024