Neogen Corporation (NEOG)

Number of days of payables

		Nov 30, 2024	Aug 31, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020	Nov 30, 2019
Payables turnover		17.23	14.73	10.39	8.16	10.37	10.83	11.96	7.85	17.87	13.39	18.95	12.44	18.01	16.23	15.89	17.20	15.53	13.45	18.26	17.56
Number of days of payables	days	21.18	24.79	35.11	44.73	35.18	33.70	30.53	46.48	20.42	27.26	19.26	29.35	20.27	22.49	22.97	21.22	23.50	27.14	19.99	20.79

November 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 17.23
= 21.18

Neogen Corporation's number of days of payables has shown some fluctuations over the past few years. From November 2019 to February 2020, there was a slight decrease from 20.79 days to 19.99 days. However, the number of days increased to 27.14 days by May 2020 before decreasing again to 23.50 days by August 2020. The trend continued with fluctuations, reaching a high of 46.48 days in November 2022 before decreasing to 21.18 days by November 2024. Overall, the number of days of payables for Neogen Corporation has shown variability but appears to have stabilized towards the later part of the period under review.