Nordson Corporation (NDSN)
Number of days of payables
| 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 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 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 | 20.74 | 18.33 | 14.89 | |
| Number of days of payables | days | 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 | 17.60 | 19.91 | 24.50 |
January 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 19.73
= 18.50
To analyze Nordson Corp.'s number of days of payables, we observe fluctuations over the quarters. The trend indicates variability rather than a consistent pattern. The number of days of payables ranged from a low of 26.05 days in Q2 2023 to a high of 32.97 days in Q3 2022.
The most recent data for Q1 2024 shows 31.21 days of payables, which is relatively stable compared to the preceding quarters. This suggests that Nordson Corp. is managing its payables efficiently. Overall, the company appears to have a moderate level of days of payables, with fluctuations occurring periodically across the quarters.
Peer comparison
Jan 31, 2024