GMS Inc (GMS)
Number of days of payables
| 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 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 11.94 | 15.15 | 13.22 | 13.75 | 12.70 | 15.18 | 12.83 | 12.27 | 11.39 | 13.24 | 10.11 | 9.95 | 9.54 | 14.47 | 14.00 | 12.96 | 9.58 | 17.57 | 11.83 | 10.69 | |
| Number of days of payables | days | 30.56 | 24.09 | 27.61 | 26.54 | 28.74 | 24.05 | 28.45 | 29.74 | 32.04 | 27.56 | 36.10 | 36.69 | 38.25 | 25.23 | 26.07 | 28.17 | 38.10 | 20.78 | 30.85 | 34.15 |
April 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.94
= 30.56
The analysis of GMS Inc's number of days of payables over the past 20 periods reveals some fluctuations in the company's payable management efficiency. The average number of days of payables over this period is approximately 29.44 days, indicating that, on average, the company takes around 29.44 days to pay its suppliers.
The trend in the number of days of payables shows some variability, with values ranging from a low of 20.78 days to a high of 38.25 days. This variability suggests that GMS Inc's payment practices have not been consistently stable over the analyzed periods.
A lower number of days of payables indicates that the company is taking fewer days to pay its suppliers, which could signify efficient cash management but may also indicate potential issues related to supplier relationships or cash flow constraints. Conversely, a higher number of days of payables suggests that the company is taking longer to pay its suppliers, which could indicate liquidity advantages but might also raise concerns about potential strain on supplier relationships.
Overall, a detailed examination of GMS Inc's number of days of payables provides valuable insights into the company's working capital management and financial health, highlighting the importance of monitoring and analyzing this ratio over time to identify trends and potential areas for improvement.
Peer comparison
Apr 30, 2024