RPM International Inc (RPM)
Number of days of payables
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 10.20 | 11.53 | 10.30 | 9.84 | 9.83 | 11.48 | 9.62 | 8.19 | 7.77 | 8.87 | 8.89 | 8.70 | 7.71 | 9.31 | 9.66 | 9.89 | 9.63 | 11.04 | 11.02 | 10.94 | |
| Number of days of payables | days | 35.80 | 31.66 | 35.43 | 37.10 | 37.13 | 31.79 | 37.96 | 44.55 | 46.95 | 41.13 | 41.06 | 41.95 | 47.34 | 39.19 | 37.77 | 36.91 | 37.92 | 33.05 | 33.12 | 33.36 |
May 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.20
= 35.80
The number of days of payables for RPM International Inc has shown fluctuations over the past few periods. In the most recent period ending on May 31, 2024, the company took approximately 35.80 days to pay its suppliers on average. This indicates that the company is managing its payables efficiently. The trend over the past few periods suggests that the number of days of payables has been relatively stable, with slight fluctuations between 31.66 and 46.95 days.
It is important to note that a lower number of days of payables generally indicates that the company is paying its suppliers more quickly, which may have implications for its cash flow and working capital management. On the other hand, a higher number of days of payables could suggest that the company is taking longer to settle its obligations with suppliers, which may impact supplier relationships.
Overall, the trend in the number of days of payables for RPM International Inc indicates a consistent approach to managing its payables, with the company striking a balance between timely payments and maintaining good relationships with suppliers.
Peer comparison
May 31, 2024