Helen of Troy Ltd (HELE)
Number of days of payables
| Feb 29, 2024 | Feb 28, 2023 | Feb 28, 2022 | Feb 28, 2021 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.18 | 9.86 | 6.37 | 5.48 | 10.16 | |
| Number of days of payables | days | 50.80 | 37.02 | 57.29 | 66.60 | 35.94 |
February 29, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.18
= 50.80
Helen of Troy Ltd's number of days of payables has varied over the past five years. As of February 29, 2024, the company had an average payment period of 50.80 days, indicating that, on average, it takes around 50.80 days for the company to pay its suppliers.
Compared to the previous years, Helen of Troy Ltd's payables turnover has fluctuated. In February 2023, the company had a shorter payment period of 37.02 days, suggesting a more efficient management of payables. This was followed by a significant increase to 57.29 days in February 2022, indicating a slower rate of paying suppliers.
The longest payment period observed was in February 2021, with 66.60 days, reflecting a potential liquidity or cash flow concern. However, in February 2020, the company had a relatively shorter payment period of 35.94 days, indicating a more efficient use of cash resources.
Overall, the trend in Helen of Troy Ltd's number of days of payables suggests fluctuations in the company's payment practices and cash management efficiency over the past five years. Monitoring this ratio can provide insights into the company's liquidity, financial health, and vendor relationships.