RBC Bearings Incorporated (RBC)
Number of days of payables
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.66 | 5.89 | 3.69 | 10.32 | 8.59 | |
| Number of days of payables | days | 47.67 | 61.98 | 98.82 | 35.38 | 42.50 |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.66
= 47.67
The number of days of payables for RBC Bearings Incorporated has fluctuated over the past five years. In the most recent fiscal year ending on March 31, 2024, the company took approximately 47.67 days, on average, to pay its suppliers. This represents a significant decrease compared to the previous year, where the number of days of payables was 61.98.
Looking further back, we see a noticeable increase in the number of days of payables in fiscal year 2022, reaching 98.82 days. This indicates that RBC Bearings took longer to settle its payables during that period. The year prior, in fiscal year 2021, the company's payment cycle was faster, with only 35.38 days of payables.
Going back to fiscal year 2020, the number of days of payables was 42.50 days, showing a slightly longer payment cycle compared to the most recent year. Overall, the trend in the number of days of payables for RBC Bearings has been somewhat variable, reflecting changes in the company's payment practices and liquidity management over the years.
Peer comparison
Mar 31, 2024