McCormick & Company Incorporated (MKC)

In analyzing McCormick & Company Incorporated's number of days of payables over the last five years, we observe the following trend:

- In November 30, 2020, the company took an average of 114.15 days to pay its suppliers.
- By November 30, 2021, the number of days of payables decreased to 101.60 days, indicating an improvement in the efficiency of managing payables.
- This trend continued as of November 30, 2022, where the number of days of payables further decreased to 104.86 days.
- By November 30, 2023, the company managed to reduce its payables period even further to 98.21 days, showing increased efficiency in managing its working capital.
- However, there was a slight increase in the number of days of payables to 109.35 days as of November 30, 2024, which may indicate a potential delay in paying suppliers during that period.

Overall, McCormick & Company Incorporated has shown a general improvement in managing its payables efficiently over the analyzed period, although there was a slight increase in the most recent year. It is important for the company to monitor this ratio to ensure a balanced approach between managing cash flow and maintaining healthy supplier relationships.