GMS Inc (GMS)

The analysis of GMS Inc's number of days of payables over the specified period reveals a trend of decreasing and then slightly increasing lengths of payable days. As of April 30, 2021, the company’s payables stood at approximately 52.72 days, indicating that GMS Inc took just over 52 days on average to pay its suppliers. By April 30, 2022, this figure declined to approximately 42.61 days, suggesting an improvement in the company's payment efficiency or a possible shift in credit terms or supplier negotiations.

The downward trend continued into April 30, 2023, with the number of days of payables decreasing further to approximately 38.19 days, which reflects a more prompt payment cycle. However, this declining trend observed in previous years shifted slightly in the subsequent period. By April 30, 2024, the days of payables increased marginally to approximately 41.16 days, indicating a slight delay in settling payables relative to the previous year. This upward movement persisted into April 30, 2025, with payables reaching approximately 41.54 days, marginally higher than the previous year but still significantly lower compared to 2021 levels.

Overall, the data suggests that GMS Inc has progressively improved its payment practices from 2021 through 2023, reducing days payable and potentially strengthening vendor relationships or optimizing cash flow management. The slight increase in payables during the subsequent years may reflect changes in operational strategies, supplier credit terms, or working capital management strategies. The overall trend indicates a tightening of payable periods over the initial years, with a minor relaxation in recent periods.

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Apr 30, 2025