Dorian LPG Ltd (LPG)
Number of days of payables
| 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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 12.51 | 15.05 | 11.38 | 8.95 | 9.27 | 9.97 | 11.45 | 12.77 | 10.61 | 11.69 | 11.50 | 7.45 | 11.03 | 8.96 | 8.25 | 8.53 | 6.94 | 6.86 | 9.98 | 12.77 | |
| Number of days of payables | days | 29.18 | 24.25 | 32.08 | 40.77 | 39.36 | 36.59 | 31.87 | 28.59 | 34.42 | 31.23 | 31.75 | 48.99 | 33.09 | 40.73 | 44.23 | 42.77 | 52.61 | 53.18 | 36.58 | 28.59 |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.51
= 29.18
The number of days of payables for Dorian LPG Ltd has fluctuated over the past years. On average, the company takes around 34 days to pay its payables. A decreasing trend in the number of days of payables from December 2019 to December 2023 indicates that the company has been managing its payables more efficiently. This suggests that the company may be able to negotiate better payment terms with its suppliers or improve its working capital management. However, a spike in the number of days of payables in March 2020 and December 2022 might need further investigation to understand the reasons behind the elongation of payables. Overall, a lower number of days of payables is generally favorable as it can indicate stronger cash flow management and better liquidity for the company.