RPM International Inc (RPM)
Number of days of payables
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 10.20 | 9.80 | 7.77 | 7.71 | 9.63 | |
| Number of days of payables | days | 35.80 | 37.24 | 46.95 | 47.34 | 37.92 |
May 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.20
= 35.80
RPM International Inc's number of days of payables has shown some fluctuations over the five-year period from 2020 to 2024. In May 2024, the company had 35.80 days of payables, which indicates that, on average, it takes the company approximately 35.80 days to pay its suppliers. This represents an improvement compared to the previous year, where the number of days of payables was 37.24 days.
Looking further back, we see that in May 2022 and May 2021, RPM International Inc had higher numbers of days of payables, with 46.95 days and 47.34 days respectively. This suggests that the company was taking longer to pay its suppliers during those years. However, in May 2020, the number of days of payables dropped to 37.92 days, showing a similar level to the recent years.
Overall, the trend in RPM International Inc's number of days of payables indicates that the company has been able to manage its payables more efficiently in recent years, with a decreasing trend from 2021 to 2024. This could be a positive sign of effective working capital management and cash flow control within the company.
Peer comparison
May 31, 2024