Dorian LPG Ltd (LPG)
Number of days of payables
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 15.52 | 9.27 | 10.61 | 11.03 | 6.94 | |
| Number of days of payables | days | 23.51 | 39.36 | 34.42 | 33.09 | 52.61 |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.52
= 23.51
Over the past five years, Dorian LPG Ltd has shown a decreasing trend in its number of days of payables, indicating an improvement in its ability to manage its accounts payable effectively. As of March 31, 2024, the company takes approximately 23.51 days to pay its suppliers, compared to 39.36 days in the previous year. This suggests that Dorian LPG Ltd has been more efficient in managing its payables and has been able to negotiate better payment terms with its suppliers. The decreasing trend in the number of days of payables reflects positively on the company's liquidity position and working capital management.