Matthews International Corporation (MATW)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.68 | 11.40 | 10.22 | 10.02 | 12.07 | |
| Number of days of payables | days | 31.24 | 32.02 | 35.72 | 36.44 | 30.25 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.68
= 31.24
The number of days of payables for Matthews International Corporation has shown some fluctuation over the past five years. It decreased from 36.44 days in 2021 to 31.24 days in 2024, indicating that the company took fewer days to pay its suppliers in 2024. This could suggest a more efficient management of payables during that period.
However, compared to 2020 where the number of days of payables was only 30.25 days, the figure for 2024 is slightly higher. This indicates that, on average, Matthews International took slightly longer to pay its suppliers in 2024 compared to 2020.
Overall, the trend in the number of days of payables for Matthews International Corporation over the past five years shows some variability, but the company generally appears to have managed its payables efficiently, with some minor fluctuations in payment periods.