The Marzetti Company (MZTI)
Number of days of payables
| Jun 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 12.32 | 11.89 | 13.92 | 13.20 | 12.12 | 12.00 | 13.92 | 12.14 | 12.83 | 10.30 | 10.56 | 9.95 | 11.49 | 9.86 | 9.29 | 8.79 | 9.79 | 10.85 | 11.37 | 11.33 | |
| Number of days of payables | days | 29.62 | 30.70 | 26.23 | 27.64 | 30.13 | 30.43 | 26.22 | 30.08 | 28.45 | 35.43 | 34.56 | 36.67 | 31.78 | 37.02 | 39.29 | 41.51 | 37.28 | 33.65 | 32.11 | 32.23 |
June 30, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.32
= 29.62
The analysis of The Marzetti Company's number of days of payables over the period from September 2020 through June 2025 reveals notable fluctuations and an overall trend toward shorter payment periods.
Initially, the company's payables days remained relatively stable around the low thirties, with a slight decrease observed from September 2020 (32.23 days) to December 2020 (32.11 days). In early 2021, there was a modest increase, peaking at 37.28 days in June 2021, indicating a slight elongation in the time taken to settle payables. This upward trend continued into late 2021, with September 2021 recording a peak of 41.51 days, suggesting a period of extending payment terms or delayed cash disbursements.
Subsequently, during early 2022, the number of days decreased slightly, reaching 31.78 days by June 2022, indicating a tendency toward shortening payable periods. This downward movement persisted into late 2022 with a reading of 34.56 days in December 2022, followed by a slight increase in the first quarter of 2023 (35.43 days).
From mid-2023 onward, there was a marked decline, reaching its lowest point in December 2023 at 26.22 days, which signifies a deliberate or operational shift toward faster payments to suppliers. This trend continued into early 2024, with values around 30 days, maintaining a relatively stable shorter cycle into mid-2024. The most recent data, up to June 2025, shows a slight increase to approximately 29.62 days, indicating a marginal lengthening but remaining below the levels observed in late-2021.
Overall, the company's payable days exhibit cyclical fluctuation, with a prominent peak in late 2021 followed by a consistent downward trend into 2024, culminating in shorter average payables periods. These patterns likely reflect strategic changes in the company’s working capital management, supplier negotiations, or payment policies aimed at optimizing cash flow.
Peer comparison
Jun 30, 2025