ePlus inc (PLUS)
Number of days of payables
| 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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 5.05 | 5.63 | 6.14 | 5.32 | 5.46 | 5.81 | 4.66 | 7.04 | 5.09 | 7.37 | 8.41 | 9.99 | 7.86 | 10.15 | 8.21 | 7.11 | 7.51 | 11.35 | 8.53 | 14.44 | |
| Number of days of payables | days | 72.25 | 64.86 | 59.41 | 68.60 | 66.80 | 62.78 | 78.34 | 51.84 | 71.64 | 49.51 | 43.42 | 36.54 | 46.44 | 35.97 | 44.44 | 51.32 | 48.63 | 32.16 | 42.77 | 25.28 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.05
= 72.25
The number of days of payables for ePlus Inc has shown fluctuations over the past few years. From March 31, 2020, to December 31, 2024, the number of days of payables ranged from a low of 25.28 days to a high of 78.34 days.
In the most recent period, December 31, 2024, ePlus Inc had 72.25 days of payables, which indicates that the company takes approximately 72 days to pay off its accounts payable. This suggests that ePlus Inc is taking longer to settle its payables compared to earlier periods.
Analyzing the trend, there appears to be some variability in the number of days of payables, with some quarters showing higher values and others lower. It would be important for the company to monitor this ratio closely to ensure efficient management of its accounts payable and maintain healthy cash flow levels.
Peer comparison
Dec 31, 2024