Post Holdings Inc (POST)
Number of days of payables
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 13.85 | 9.68 | 9.25 | 8.87 | 9.83 | |
| Number of days of payables | days | 26.35 | 37.69 | 39.47 | 41.17 | 37.13 |
September 30, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.85
= 26.35
To analyze Post Holdings Inc's number of days of payables, we can see a declining trend over the past five years. As of September 30, 2023, the company's number of days of payables is 26.25 days, showing an improvement compared to 33.26 days in 2022, 39.06 days in 2021, 34.27 days in 2020, and 33.83 days in 2019.
This decreasing trend in the number of days of payables indicates that the company is taking fewer days to pay off its suppliers, which may be a sign of improved liquidity or more efficient management of trade payables. It also suggests that the company may be improving its working capital management, which can positively impact cash flow and overall financial health.
However, it's essential to consider the industry benchmark and peer comparisons to gain a deeper understanding of Post Holdings Inc's performance in managing its payables. Additionally, further analysis of the company's financial statements and other liquidity ratios would provide a more comprehensive view of its financial position and performance.
Peer comparison
Sep 30, 2023