Powell Industries Inc (POWL)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.19 | 11.13 | 8.17 | 10.23 | 14.08 | |
| Number of days of payables | days | 32.61 | 32.80 | 44.66 | 35.68 | 25.93 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.19
= 32.61
Powell Industries Inc's number of days of payables has shown some variability over the past five years. The number of days of payables was 32.61 days in 2024, slightly lower than the previous year's 32.80 days. This indicates that the company is taking slightly longer to pay its suppliers in 2024 compared to 2023.
In 2022, the number of days of payables was higher at 44.66 days, suggesting that the company took longer to pay its suppliers that year. However, this had improved in 2021 with the number of days of payables at 35.68 days, indicating a quicker payment cycle compared to 2022.
The most favorable performance in terms of the number of days of payables was seen in 2020, where the company took only 25.93 days on average to pay its suppliers. This indicates efficient management of payables during that year.
Overall, the trend in Powell Industries Inc's number of days of payables shows some fluctuation, with the company taking varying lengths of time to pay its suppliers over the past five years.
Peer comparison
Sep 30, 2024