MarineMax Inc (HZO)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 29.92 | 21.75 | 43.75 | 54.54 | 29.75 | |
| Number of days of payables | days | 12.20 | 16.78 | 8.34 | 6.69 | 12.27 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 29.92
= 12.20
The number of days of payables for MarineMax Inc has fluctuated over the past five years. In the most recent fiscal year ending September 30, 2024, the company took an average of 12.20 days to pay its suppliers, decreasing from 16.78 days in the previous year. This improvement in the efficiency of paying suppliers may indicate better cash flow management or negotiation terms with suppliers. Comparing to earlier years, the number of days of payables was higher in 2020 and 2021 at 12.27 days and 6.69 days, respectively, before increasing to 8.34 days in 2022. The current level of 12.20 days suggests that MarineMax is maintaining a balanced approach in managing its payables, neither excessively delaying payments nor overly burdening its cash position with immediate settlements.
Peer comparison
Sep 30, 2024