Dorian LPG Ltd (LPG)
Number of days of payables
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 17.37 | 21.42 | 19.42 | 24.67 | 19.19 | 16.38 | 14.54 | 15.09 | 14.96 | 15.88 | 18.42 | 19.93 | 16.90 | 17.74 | 17.53 | 12.06 | 17.11 | 14.69 | 13.46 | 13.41 | |
| Number of days of payables | days | 21.01 | 17.04 | 18.80 | 14.79 | 19.02 | 22.29 | 25.10 | 24.19 | 24.39 | 22.98 | 19.82 | 18.32 | 21.60 | 20.57 | 20.82 | 30.26 | 21.33 | 24.85 | 27.11 | 27.23 |
March 31, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 17.37
= 21.01
The number of days of payables for Dorian LPG Ltd has shown some fluctuations over the periods analyzed. The company's payables turnover, represented by the number of days it takes to pay its trade payables, decreased from 27.23 days as of June 30, 2020, to a low of 14.79 days as of June 30, 2024. This downward trend indicates that Dorian LPG Ltd has been more efficient in managing its payables over time, improving its liquidity position and potentially strengthening its relationships with suppliers. However, it is worth noting that there were periods of slight increases in the number of days of payables, which could be attributed to changes in the company's payment terms or other external factors influencing its financial operations. Overall, a decreasing trend in the number of days of payables is generally viewed as a positive indicator of a company's financial health and management efficiency.