Procter & Gamble Company (PG)

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		4.24	4.64	4.47	4.42	4.34	4.55	4.40	4.18	4.15	4.33	4.27	4.16	4.21	4.66	4.66	4.65	4.56	6.05	5.81	5.71
Number of days of payables	days	86.10	78.61	81.71	82.56	84.12	80.27	83.00	87.35	88.01	84.33	85.46	87.84	86.63	78.37	78.32	78.50	79.98	60.33	62.78	63.93

June 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.24
= 86.10

The number of days of payables for Procter & Gamble Company has shown fluctuations over the past quarters. Historically, the company's average number of days to pay its payables has been around 80 to 85 days, indicating that the company takes approximately 2.5 to 3 months to settle its outstanding obligations to suppliers.

The trend in the number of days of payables has generally been stable, with some minor variations. The increase in the number of days of payables from the most recent quarter at 86.10 days compared to the prior quarter at 78.61 days suggests that Procter & Gamble Company took slightly longer to settle its payables in the most recent period.

Overall, a consistent and stable trend in the number of days of payables reflects the company's efficient management of its working capital and ability to balance its payment terms with suppliers. More extended payment terms can provide the company with additional liquidity and flexibility in managing its cash flow effectively. However, it is essential to monitor any significant deviations in the number of days of payables to ensure healthy supplier relationships and sustainable cash flow management.