ePlus inc (PLUS)
Number of days of payables
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 3.32 | 5.30 | 7.04 | 9.99 | 7.11 | |
| Number of days of payables | days | 109.95 | 68.81 | 51.84 | 36.54 | 51.32 |
March 31, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.32
= 109.95
The number of days of payables for ePlus Inc has shown fluctuation over the years. As of March 31, 2021, the company took an average of 51.32 days to pay its outstanding payables. This metric decreased to 36.54 days by March 31, 2022, indicating a more efficient payment cycle. However, by March 31, 2023, the number of days of payables increased to 51.84 days, surpassing the previous year's level.
The trend changed significantly by March 31, 2024, with the number of days of payables extending to 68.81 days, reflecting a potential delay in settling outstanding obligations. This figure further rose to 109.95 days by March 31, 2025, suggesting a considerable extension in the payment period for the company's payables.
Overall, the fluctuations in ePlus Inc's number of days of payables indicate varying payment practices and working capital management strategies over the years. It would be essential for stakeholders to closely monitor this trend to assess the company's financial health and operational efficiency.
Peer comparison
Mar 31, 2025