Phibro Animal Health Corporation (PAHC)

Number of days of payables

		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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Payables turnover		11.51	11.42	10.74	12.03	12.40	12.19	10.71	8.89	7.48	7.03	7.50	8.70	8.22	8.55	8.46	8.68	8.22	8.17	9.55	9.14
Number of days of payables	days	31.71	31.95	33.99	30.34	29.44	29.94	34.09	41.04	48.81	51.93	48.66	41.98	44.40	42.70	43.15	42.05	44.39	44.69	38.22	39.92

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 fluctuated over the periods analyzed. On average, the company takes around 38 to 45 days to pay its suppliers. The longest delay in paying suppliers was observed in June 2022, with 51.93 days, while the shortest delay was in June 2020, with 29.44 days. It is important to monitor this metric as it reflects the company's payment policies and liquidity management. Overall, Phibro Animal Health Corporation has shown variability in its payment cycles, indicating potential changes in its working capital management strategies.