ePlus inc (PLUS)
Number of days of payables
| 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 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 5.30 | 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 | 9.25 | 10.29 | 9.68 | |
| Number of days of payables | days | 68.81 | 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 | 39.47 | 35.48 | 37.69 |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.30
= 68.81
The number of days of payables for ePlus Inc has shown variability over the past quarters. The average number of days of payables was approximately 49 days from March 2020 to March 2023, with a noticeable increase to around 68 days in the most recent quarter of March 2024.
This upward trend indicates that ePlus Inc is taking longer to pay its suppliers compared to the previous quarters. The increase in the number of days of payables can suggest a potential liquidity issue or a deliberate effort to manage cash flow by extending payment terms.
It is important for stakeholders to monitor this trend closely as a significant increase in the number of days of payables may impact relationships with suppliers, liquidity position, and overall financial health of the company.
Peer comparison
Mar 31, 2024