Lamb Weston Holdings Inc (LW)
Number of days of payables
| May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | 6.48 | — | 7.03 | — | |
| Number of days of payables | days | — | 56.32 | — | 51.91 | — |
May 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The number of days of payables is a measure of how long, on average, a company takes to pay its suppliers and vendors. Looking at the data provided for Lamb Weston Holdings Inc, we see that the number of days of payables was not reported for May 31, 2022, May 31, 2023, and May 31, 2024. However, for May 28, 2023, the company took approximately 51.91 days to pay its payables, and for May 26, 2024, it took around 56.32 days to settle its payables.
Overall, based on the available data points, Lamb Weston Holdings Inc seems to have a tendency to take around 50 to 60 days on average to pay its suppliers and vendors, with a slight increase over time. This could indicate the company's payment practices and relationships with its suppliers.
Peer comparison
May 31, 2024