RPM International Inc (RPM)

Number of days of payables

May 31, 2025 May 31, 2024 May 31, 2023 May 31, 2022 May 31, 2021
Payables turnover 5.72 6.65 6.62 5.34 5.16
Number of days of payables days 63.83 54.88 55.13 68.34 70.73

May 31, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.72
= 63.83

The data indicates a trend in RPM International Inc’s accounts payable cycle over the period from May 31, 2021, to May 31, 2025. Specifically, the number of days of payables has generally decreased from 70.73 days in 2021 to 55.13 days in 2023. This decline suggests that the company has been paying its suppliers more promptly over this period.

Between 2023 and 2024, there was a slight decrease from 55.13 days to 54.88 days, indicating a continued but marginal trend toward shorter payment periods. However, by 2025, the number of days increased again to 63.83 days, reflecting a reversal that approaches the levels observed in 2022.

This fluctuation demonstrates a volatile but overall decreasing trend in the company’s payables cycle, which may reflect strategic adjustments in payment policies, improved cash management, or changes in supplier terms. A shorter payable period can enhance liquidity but might also impact supplier relationships if accelerated payments are not carefully managed. Conversely, the increase in 2025 suggests a temporary lengthening of the payables period, possibly aimed at optimizing cash flow or aligning with supplier credit terms.


Peer comparison

May 31, 2025

Company name
Symbol
Number of days of payables
RPM International Inc
RPM
63.83
Axalta Coating Systems Ltd
AXTA
51.41
PPG Industries Inc
PPG