GMS Inc (GMS)
Number of days of payables
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 8.79 | 11.73 | 9.29 | 9.12 | 9.03 | 11.38 | 9.89 | 10.34 | 9.56 | 11.45 | 9.70 | 9.26 | 8.57 | 9.91 | 7.49 | 7.29 | 6.92 | 13.41 | 12.91 | 11.89 | |
| Number of days of payables | days | 41.54 | 31.12 | 39.30 | 40.02 | 40.42 | 32.09 | 36.91 | 35.32 | 38.19 | 31.88 | 37.61 | 39.40 | 42.61 | 36.82 | 48.72 | 50.10 | 52.72 | 27.22 | 28.26 | 30.70 |
April 30, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.79
= 41.54
The analysis of GMS Inc.'s number of days of payables from July 2020 through April 2025 reveals fluctuations over the observed periods. Initially, the days payable decreased from approximately 30.7 days in July 2020, reaching a low of around 27.2 days in January 2021, which may indicate a period of more prompt payment to suppliers.
Subsequently, there was a significant increase, with the days extending notably to about 52.7 days in April 2021 and maintaining elevated levels through mid-2021 (around 50 days in July 2021 and approximately 48.7 days in October 2021). This suggests a period of extended credit terms or delayed payments during this period.
In 2022, the days of payables decreased again to approximately 36.8 days in January and slightly increased to 42.61 days by April. The numbers remained fairly stable around the upper 30s to low 40s through late 2022.
Moving into 2023, the values decreased further, with approximately 31.88 days in January, rising marginally to 38.19 days in April, and maintaining a mid-30s level through October 2023.
In 2024, the days of payables fluctuated mildly, with notable increases to around 40.42 days in April and 40.02 days in July, before decreasing slightly to 39.3 days in October. The subsequent periods show similar patterns, with 32.09 days in January 2024 and rising again to 41.54 days in April 2025.
Overall, the data indicates that GMS Inc. experienced periods of both shorter and extended payables. Shorter payables periods in early 2021 and early 2023 may reflect more prompt payments, whereas longer periods in mid-2021 signify potentially more lenient credit terms or deliberate delaying strategies. The variability suggests adaptability to operational or strategic considerations influencing vendor payment cycles over the examined timeframe.
Peer comparison
Apr 30, 2025