REX American Resources Corporation (REX)

Number of days of payables

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Payables turnover		17.47	23.47	20.99	20.89	21.02
Number of days of payables	days	20.89	15.55	17.39	17.48	17.36

January 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 17.47
= 20.89

The number of days of payables for REX American Resources Corporation has shown some variability over the past five years. In the most recent fiscal year ended January 31, 2024, the company took approximately 20.89 days, on average, to pay its suppliers and vendors. This represents an increase from the previous year, where the number of days of payables was 15.55 days.

Comparing the data to two years prior, there was a noticeable uptick in the number of days of payables in the fiscal year ended January 31, 2022, at 17.39 days. This figure was slightly higher than the number of days recorded in the fiscal years ended January 31, 2021 and January 31, 2020, which were 17.48 days and 17.36 days, respectively.

The increase in the number of days of payables from 15.55 days in January 2023 to 20.89 days in January 2024 may indicate a potential shift in the company's payment practices or relationship with suppliers. It is essential to monitor this trend closely to understand its implications for the company's cash flow management and supplier relationships.