Procter & Gamble Company (PG)

Number of days of payables

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Payables turnover		4.33	4.42	4.23	4.28	4.67
Number of days of payables	days	84.34	82.57	86.30	85.20	78.14

June 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.33
= 84.34

The number of days of payables for Procter & Gamble Company has shown some fluctuations over the past five years. As of June 30, 2024, the company takes approximately 84.34 days to pay its trade payables, which has slightly increased compared to the previous year. In Jun 30, 2023, the number of days of payables was 82.57 days, indicating a slight decrease from the year before.

Looking at the trend over the five-year period, the number of days of payables has generally been in the range of 78 to 86 days, suggesting that the company maintains a consistent payment schedule with its suppliers. This stability in the number of days of payables indicates that Procter & Gamble Company has been managing its trade payables effectively without significant deviation from its standard payment terms.