Plexus Corp (PLXS)
Number of days of payables
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.22 | 4.52 | 5.04 | 6.28 | 6.79 | |
| Number of days of payables | days | 58.69 | 80.79 | 72.45 | 58.08 | 53.73 |
September 30, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.22
= 58.69
The number of days of payables for Plexus Corp. has varied over the past five years, indicating the company's ability to manage its accounts payable. As of Sep 30, 2023, the number of days of payables is 61.85 days, which is a decrease from the prior year's 84.88 days. This suggests that Plexus Corp. has improved its efficiency in paying its suppliers and managing its working capital. The downward trend in the number of days of payables demonstrates a more effective management of the company's cash flow and liquidity. Overall, the decreasing number of days of payables reflects positively on Plexus Corp.'s financial health and ability to effectively handle its payables.
Peer comparison
Sep 30, 2023