Starbucks Corporation (SBUX)
Number of days of payables
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.46 | 8.39 | 8.95 | 9.80 | 10.18 | |
| Number of days of payables | days | 43.14 | 43.48 | 40.80 | 37.24 | 35.86 |
September 30, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.46
= 43.14
The number of days of payables for Starbucks Corporation has been increasing over the past five years. In the most recent fiscal year, ending September 30, 2023, the company had 43.14 days of payables, compared to 43.48 days in the previous year. This indicates that it took Starbucks approximately 43 days to pay off its accounts payable obligations on average in 2023.
The trend of increasing number of days of payables suggests that Starbucks is taking longer to pay its suppliers, which could be a strategic move to manage cash flows more effectively. However, a significant increase in payables days may also signal potential liquidity issues or strained supplier relationships.
Overall, a thorough analysis of the company's financial performance and cash flow management practices would be necessary to fully understand the implications of the trend in the number of days of payables for Starbucks Corporation.
Peer comparison
Sep 30, 2023