Nordson Corporation (NDSN)
Number of days of payables
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 21.45 | 21.02 | 19.81 | 19.73 | 19.02 | 18.92 | 23.26 | 21.62 | 19.59 | 18.80 | 19.27 | 19.07 | 19.68 | 20.13 | 21.73 | 24.66 | 25.87 | 24.69 | 22.07 | 22.75 | |
| Number of days of payables | days | 17.01 | 17.37 | 18.43 | 18.50 | 19.19 | 19.29 | 15.69 | 16.88 | 18.63 | 19.42 | 18.94 | 19.14 | 18.55 | 18.14 | 16.80 | 14.80 | 14.11 | 14.78 | 16.54 | 16.05 |
October 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 21.45
= 17.01
Nordson Corporation's number of days of payables has shown some fluctuation over the past few years. The trend indicates that the company takes an average of around 17 to 19 days to pay its suppliers.
The number of days of payables was at its highest in Apr 2024 at 18.43 days, and at its lowest in Jan 2021 at 14.11 days. This suggests that Nordson Corporation has been managing its payables efficiently, with a consistent focus on optimizing its payment cycles.
Overall, a lower number of days of payables indicates that the company is paying its suppliers more quickly, which could potentially signal strong cash management practices. However, it is essential for Nordson Corporation to strike a balance between paying suppliers promptly and maintaining healthy liquidity levels to effectively manage its working capital.
Peer comparison
Oct 31, 2024