ePlus inc (PLUS)
Number of days of payables
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 5.30 | 7.04 | 9.99 | 7.11 | 14.44 | |
| Number of days of payables | days | 68.81 | 51.84 | 36.54 | 51.32 | 25.28 |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.30
= 68.81
ePlus inc's number of days of payables has been fluctuating over the past five years. In the latest fiscal year ending on March 31, 2024, the company had an average payable period of 68.81 days, which indicates that it takes approximately 68.81 days for the company to pay its suppliers. This represents a significant increase compared to the previous year, where the payable period was 51.84 days.
The increase in the number of days of payables can signify a potential delay in payment to suppliers, which could be due to various reasons such as cash flow constraints or changes in the company's payment policies. It is important to monitor this metric closely as an increasing number of days of payables could indicate liquidity issues or strained vendor relationships.
Compared to the fiscal year ending on March 31, 2020, ePlus inc's number of days of payables has more than doubled, reflecting a significant change in the company's payables management over the past four years. This trend suggests a need for further investigation into the company's working capital management practices and supplier relationships to ensure sustainable financial health.
Peer comparison
Mar 31, 2024