Phibro Animal Health Corporation (PAHC)
Number of days of payables
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.51 | 12.40 | 9.12 | 8.22 | 8.22 | |
| Number of days of payables | days | 31.71 | 29.44 | 40.01 | 44.40 | 44.39 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.51
= 31.71
The number of days of payables for Phibro Animal Health Corporation has shown a fluctuating trend over the past five years. The company's ability to pay its suppliers varies, with the number of days of payables ranging from 29.44 days in June 2023 to 44.40 days in June 2021 and June 2020.
In the most recent period ending June 30, 2024, the number of days of payables decreased to 31.71 days, indicating a potential improvement in the company's payment terms with its suppliers. This suggests that Phibro Animal Health may be managing its payables more efficiently or negotiating better terms with its vendors.
Overall, a lower number of days of payables generally reflects a more efficient use of working capital as the company is paying its suppliers more promptly. However, it is essential to consider the industry norms and compare the trend with other financial metrics to gain a comprehensive understanding of Phibro Animal Health Corporation's financial performance.
Peer comparison
Jun 30, 2024