Helen of Troy Ltd (HELE)
Number of days of payables
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 7.18 | 6.04 | 6.99 | 8.13 | 9.86 | 8.49 | 6.51 | 6.07 | 6.37 | 6.23 | 5.67 | 6.12 | 5.48 | 4.61 | 4.45 | 6.07 | 7.47 | 7.76 | 6.43 | 7.57 | |
| Number of days of payables | days | 50.80 | 60.41 | 52.18 | 44.89 | 37.02 | 42.97 | 56.09 | 60.13 | 57.29 | 58.54 | 64.33 | 59.66 | 66.60 | 79.13 | 82.04 | 60.11 | 48.86 | 47.04 | 56.81 | 48.19 |
February 29, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.18
= 50.80
The number of days of payables for Helen of Troy Ltd has fluctuated over the past two years. The company has consistently maintained its payables for around 50 to 60 days, indicating a typical payment cycle that ranges from approximately 7 to 9 weeks. There are some variations in the number of days of payables, with higher figures recorded in some periods, such as 79.13 days in Aug 31, 2020, and 82.04 days in Nov 30, 2020.
Overall, Helen of Troy Ltd appears to manage its payables well, with the average number of days falling within a reasonable range. It is essential for investors and stakeholders to monitor changes in this ratio to assess the company's ability to manage its working capital effectively and maintain healthy relationships with its suppliers.