Lancaster Colony Corporation (LANC)
Number of days of payables
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 14.10 | 14.17 | 16.40 | 14.24 | 15.09 | 12.00 | 12.45 | 11.81 | 13.70 | 11.78 | 11.02 | 10.48 | 11.73 | 13.02 | 13.63 | 13.58 | 16.29 | 12.88 | 13.45 | 13.68 | |
| Number of days of payables | days | 25.89 | 25.76 | 22.25 | 25.62 | 24.19 | 30.41 | 29.32 | 30.90 | 26.65 | 30.98 | 33.13 | 34.82 | 31.13 | 28.03 | 26.78 | 26.88 | 22.40 | 28.33 | 27.13 | 26.68 |
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 fluctuated over the past several quarters, ranging from a low of 22.25 days to a high of 34.82 days. This ratio measures how many days, on average, it takes the company to pay its suppliers and is indicative of its ability to manage its working capital efficiently.
In recent quarters, there has been a general trend of the number of days of payables decreasing, which suggests that the company is taking longer to pay its suppliers. This could indicate a potential improvement in cash flow management or negotiating better payment terms with suppliers.
However, it is important to note that the number of days of payables should be analyzed in conjunction with other financial ratios and factors to provide a more comprehensive assessment of the company's financial health and operational efficiency. Additional analysis and context would be necessary to fully understand the implications of these changes in the company's payables management.
Peer comparison
Jun 30, 2024