Rockwell Automation Inc (ROK)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.52 | 6.65 | 6.37 | 6.57 | 7.65 | |
| Number of days of payables | days | 42.82 | 54.92 | 57.34 | 55.54 | 47.69 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.52
= 42.82
The number of days of payables for Rockwell Automation Inc has exhibited some fluctuations in recent years. In the fiscal year ending September 30, 2024, the company took around 42.82 days on average to pay its suppliers, which represents a decrease from the previous year. This indicates that the company has been managing its payables more efficiently in 2024 compared to 2023.
Looking further back, the number of days of payables was higher in 2023 at 54.92 days, and it increased in the previous year as well. This suggests that Rockwell Automation Inc took longer to settle its payables in 2023 and 2022 compared to 2021 and 2020.
Overall, a lower number of days of payables indicates that the company is paying its suppliers more quickly, potentially benefiting from better cash flow management or negotiation terms. On the other hand, a higher number of days of payables could suggest liquidity concerns or potentially strained supplier relationships. Further analysis would be needed to understand the specific drivers behind these changes and their implications for the company's financial health.
Peer comparison
Sep 30, 2024