Patterson Companies Inc (PDCO)
Number of days of payables
| Apr 27, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | Apr 24, 2021 | Jan 23, 2021 | Oct 24, 2020 | Jul 25, 2020 | Apr 25, 2020 | Jan 25, 2020 | Oct 26, 2019 | Jul 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 6.96 | 7.56 | 7.49 | 7.17 | 7.03 | 7.20 | 7.08 | 7.75 | 7.65 | 7.24 | 6.65 | 8.52 | 7.73 | 6.56 | 6.31 | 7.72 | 4.98 | 5.51 | 5.71 | 6.99 | |
| Number of days of payables | days | 52.44 | 48.26 | 48.71 | 50.90 | 51.90 | 50.69 | 51.56 | 47.07 | 47.73 | 50.45 | 54.87 | 42.83 | 47.23 | 55.61 | 57.81 | 47.26 | 73.30 | 66.21 | 63.91 | 52.24 |
April 27, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.96
= 52.44
The number of days of payables for Patterson Companies Inc has varied over the past few reporting periods. On average, the company takes around 50 days to pay its suppliers. There has been some fluctuation in this metric, with the number of days of payables ranging from a low of 42.83 days to a high of 73.30 days.
A lower number of days of payables indicates that the company is paying its suppliers more quickly, which can be beneficial in maintaining good relationships with vendors. Conversely, a higher number of days of payables may suggest that the company is taking longer to pay its bills, which could potentially strain supplier relationships.
It is important for Patterson Companies Inc to closely monitor and manage its payables to ensure efficient cash flow management and maintain positive relationships with its suppliers.
Peer comparison
Apr 27, 2024