Parker-Hannifin Corporation (PH)

Number of days of payables

		Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	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
Payables turnover		5.89	6.33	7.07	6.54	6.41	6.47	6.48	6.34	6.16	5.95	6.09	5.70	6.47	6.36	6.76	6.44	6.26	6.41	7.44	8.04
Number of days of payables	days	62.01	57.66	51.62	55.82	56.92	56.38	56.34	57.54	59.29	61.31	59.94	64.03	56.37	57.39	53.96	56.67	58.34	56.91	49.05	45.41

June 30, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.89
= 62.01

The number of days of payables for Parker-Hannifin Corporation has exhibited some fluctuations over the analyzed period from September 30, 2020, through June 30, 2025. At the start of this period, the payables period was approximately 45.41 days as of September 30, 2020. This figure increased steadily over the subsequent quarters, reaching a peak of approximately 64.03 days on September 30, 2022.

Between October 2022 and March 2023, the payables days remained relatively stable, fluctuating within a range close to 57 to 61 days. Notably, there was a slight decline to 56.34 days as of December 31, 2023, followed by a marginal increase to 57.66 days in March 2025. The most recent data point indicates a payables period of approximately 62.01 days as of June 30, 2025.

Overall, the trend indicates a gradual increase in the average payment period over the observed period, suggesting a tendency to extend the time taken to settle payables. This could reflect changes in the company's payment policies, supplier negotiations, or cash management strategies over the years. The fluctuations are relatively moderate, but the noticeable upward trend from around 45 days to over 62 days signals a prolonged payable cycle in recent quarters.