Lindsay Corporation (LNN)
Number of days of payables
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.12 | 10.41 | 9.52 | 9.23 | 10.90 | |
| Number of days of payables | days | 32.83 | 35.05 | 38.34 | 39.53 | 33.49 |
August 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.12
= 32.83
Lindsay Corporation's number of days of payables has shown a fluctuating trend over the past five years. In 2024, the number of days of payables stood at 32.83 days, displaying a decrease from the previous year's figure of 35.05 days. The company's ability to pay its suppliers has improved in the most recent year.
Comparing further back, in 2022 and 2023, Lindsay Corporation's number of days of payables increased to 38.34 days and 39.53 days, respectively, indicating a prolonged payment period to suppliers during those years. However, this trend was partially offset by a decrease to 33.49 days in 2020.
Overall, the downward trend in the number of days of payables in 2024 may suggest a more efficient management of working capital and a potentially healthier supplier relationship in comparison to the preceding years. Further analysis of the company's payment policies and cash flow management practices could provide additional insights into the effectiveness of its accounts payable management.
Peer comparison
Aug 31, 2024