Leslies Inc (LESL)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | ||
|---|---|---|---|---|---|
| Payables turnover | 19.31 | 23.62 | 8.66 | 11.49 | |
| Number of days of payables | days | 18.90 | 15.45 | 42.17 | 31.76 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 19.31
= 18.90
Leslies Inc's number of days of payables has exhibited fluctuations over the past four years. In the most recent fiscal year ending on September 30, 2024, the company took approximately 18.90 days to pay its payables, which indicates an increase compared to the prior year where it took 15.45 days to settle its obligations. However, this current figure is significantly lower than the previous year, September 30, 2022, where the company took 42.17 days to pay its payables.
Comparing the latest data to two years prior, the company's efficiency in settling its payables has improved, as it currently takes less time to pay its suppliers. The trend over the past two years suggests that Leslies Inc has been more efficient in managing its payables and has worked towards quicker payment cycles. Further analysis is required to understand the impact of this trend on the company's overall cash flow management and relationships with its suppliers.
Peer comparison
Sep 30, 2024