Lancaster Colony Corporation (LANC)
Number of days of payables
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 14.10 | 15.09 | 13.70 | 11.73 | 16.29 | |
| Number of days of payables | days | 25.89 | 24.19 | 26.64 | 31.13 | 22.40 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.10
= 25.89
The number of days of payables for Lancaster Colony Corporation has shown some fluctuations over the past five years. In the most recent fiscal year ending on June 30, 2024, the company took approximately 25.89 days on average to pay its outstanding payables. This represents a slight increase compared to the previous year, where the number of days of payables was 24.19 days.
Looking back further, we see that in the fiscal years ending in June 30, 2022 and June 30, 2021, the number of days of payables was 26.64 days and 31.13 days, respectively. This indicates that the company took slightly longer to pay its payables in those years compared to the most recent fiscal year.
On the contrary, in the fiscal year ending on June 30, 2020, Lancaster Colony Corporation managed to reduce its number of days of payables to 22.40 days, reflecting a more efficient management of its payable obligations.
Overall, the trend in the number of days of payables for Lancaster Colony Corporation fluctuates from year to year, potentially influenced by various factors such as changes in the company's payment policies, supplier relationships, and overall financial performance. It is essential for stakeholders to closely monitor this metric to assess the company's liquidity, efficiency, and financial health.
Peer comparison
Jun 30, 2024