Plexus Corp (PLXS)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.27 | 6.22 | 4.52 | 5.04 | 6.28 | |
| Number of days of payables | days | 58.19 | 58.69 | 80.79 | 72.45 | 58.08 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.27
= 58.19
The number of days of payables for Plexus Corp has shown fluctuations over the past five years. In 2024, the company took an average of 58.19 days to pay off its accounts payable. This is slightly lower compared to the previous year's figure of 58.69 days.
Looking back at 2022, Plexus Corp had an average of 80.79 days to settle its payables, which was notably higher than the current year. In 2021, the number of days to payables was 72.45 days, indicating a decrease from the previous year.
The company's performance in 2020 shows a similar figure to 2024, with 58.08 days on average to pay off payables. Overall, the trend suggests that Plexus Corp has been managing its payables efficiently in recent years, with a slight decrease in the time taken to settle outstanding obligations.
Peer comparison
Sep 30, 2024