Lindsay Corporation (LNN)
Number of days of payables
| 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 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 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 | 11.19 | 9.33 | |
| Number of days of payables | days | 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 | 32.61 | 39.11 |
February 29, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.18
= 39.74
The number of days of payables for Lindsay Corporation has shown some variability over the past years. The average number of days of payables over the periods analyzed is approximately 39.42 days.
The trend in the number of days of payables indicates that the company takes, on average, around 39 days to pay its trade payables. This suggests that the company tends to have a moderate payment period, neither excessively long nor too short.
It is important to note that a longer number of days of payables may indicate that the company is taking longer to pay its suppliers, potentially affecting relationships and future credit terms. Conversely, a very short number of days of payables could indicate that the company is paying its suppliers very quickly, possibly impacting cash flow management.
Overall, the analysis of the number of days of payables for Lindsay Corporation provides insight into the company's payment practices and efficiency in managing its trade payables.
Peer comparison
Feb 29, 2024