Lindsay Corporation (LNN)
Number of days of payables
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 11.12 | 12.02 | 9.18 | 8.60 | 10.41 | 11.36 | 9.83 | 9.67 | 9.52 | 7.72 | 7.05 | 7.96 | 9.23 | 7.71 | 8.66 | 8.93 | 10.90 | 8.77 | 9.52 | 10.68 | |
| Number of days of payables | days | 32.83 | 30.37 | 39.74 | 42.43 | 35.05 | 32.13 | 37.14 | 37.75 | 38.34 | 47.28 | 51.80 | 45.84 | 39.53 | 47.35 | 42.14 | 40.86 | 33.49 | 41.64 | 38.33 | 34.17 |
August 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.12
= 32.83
The number of days of payables for Lindsay Corporation has fluctuated over the past few years. The trend indicates that the company takes, on average, around 35 to 45 days to pay its suppliers. In the most recent period as of August 31, 2024, the number of days of payables was 32.83 days, which suggests that the company is managing its payables efficiently by paying its suppliers relatively quickly. This could be a strategic move to maintain good relationships with suppliers or take advantage of any early payment discounts offered.
On the other hand, in prior periods such as May 31, 2022, the number of days of payables was 51.80 days, indicating that the company took longer to settle its payables during that time. This could have been influenced by various factors such as cash flow constraints, negotiations with suppliers, or changes in company policies.
Overall, monitoring the number of days of payables is important as it provides insights into the company's liquidity management, supplier relationships, and overall financial health. It is essential for Lindsay Corporation to strike a balance between timely payments and maximizing cash flow to ensure sustainable operations in the long term.
Peer comparison
Aug 31, 2024