Leslies Inc (LESL)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 19.81 | 21.70 | 8.61 | 9.12 | 11.64 | 8.57 | 5.89 | 7.57 | 11.84 | 11.38 | ||||
| Number of days of payables | days | 18.42 | 16.82 | 42.41 | 40.03 | 31.35 | 42.58 | 61.95 | 48.19 | 30.84 | 32.07 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 19.81
= 18.42
Leslies Inc's number of days of payables has fluctuated over the past few quarters, indicating variations in how quickly the company is paying its suppliers. In the most recent period ending on December 31, 2023, the company took approximately 18.42 days, on average, to pay its suppliers. This is a slight increase from the previous quarter. Overall, Leslies Inc's payables turnover appears to be relatively efficient, as the number of days of payables is generally lower than the industry average. However, the significant increase in days of payables in the June 30, 2022 quarter and June 30, 2022, quarter could indicate potential liquidity issues or changes in payment terms with suppliers. It would be important for the company to closely monitor and manage its payables turnover to ensure optimal cash flow management and good relationships with suppliers.
Peer comparison
Dec 31, 2023