Leslies Inc (LESL)
Number of days of payables
| Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 19.10 | 12.06 | 11.89 | 21.35 | 23.37 | 9.27 | 9.82 | 11.64 | 8.57 | 5.89 | 7.57 | 11.84 | 11.38 | ||||
| Number of days of payables | days | 19.11 | 30.26 | 30.69 | 17.10 | 15.62 | 39.38 | 37.18 | 31.35 | 42.58 | 61.95 | 48.19 | 30.84 | 32.07 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 19.10
= 19.11
Leslies Inc's number of days of payables has exhibited fluctuations over the past quarters. As of September 30, 2024, the company took an average of 19.11 days to pay its suppliers. This represents a decrease compared to the previous quarter when it took 30.26 days to settle payables.
Looking further back, the trend in the number of days of payables reveals variability in the company's payment behavior. For instance, the number of days of payables was relatively low at 15.62 days as of September 30, 2023 but increased sharply to 39.38 days by June 30, 2023, indicating potential challenges in managing supplier payments efficiently during that period.
It is also noteworthy that the number of days of payables has shown significant fluctuations over the past quarters, ranging from as low as 15.62 days to as high as 61.95 days. Such variability may suggest changes in the company's working capital management or operational dynamics impacting its ability to settle payables promptly.
Overall, a detailed analysis of Leslies Inc's number of days of payables indicates fluctuations in the company's payment practices over time, which may reveal insights into its cash flow management, supplier relationships, and operational efficiency.
Peer comparison
Sep 30, 2024