Helmerich and Payne Inc (HP)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 14.07 | 14.86 | 12.87 | 16.91 | 53.40 | |
| Number of days of payables | days | 25.94 | 24.56 | 28.36 | 21.59 | 6.83 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.07
= 25.94
The number of days of payables for Helmerich and Payne Inc has varied over the past five years. In the most recent year, as of September 30, 2024, the company took an average of 25.94 days to pay its suppliers, which is slightly higher than the previous year's figure of 24.56 days. The trend indicates that the company has been taking longer to pay its suppliers in recent years. This may suggest a change in the company's payment policies or could be due to changes in the industry or economic conditions. It is important to monitor this trend to assess the company's liquidity and relationship with its suppliers.
Peer comparison
Sep 30, 2024