Starbucks Corporation (SBUX)
Number of days of payables
| Sep 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 8.44 | 8.86 | 9.01 | 8.46 | 8.58 | 8.79 | 9.15 | 8.39 | 7.91 | 8.70 | 8.70 | 8.95 | 9.19 | 9.73 | 9.80 | 10.83 | 11.00 | 10.85 | 10.63 | 10.18 | |
| Number of days of payables | days | 43.26 | 41.19 | 40.51 | 43.14 | 42.52 | 41.51 | 39.89 | 43.48 | 46.12 | 41.94 | 41.95 | 40.80 | 39.71 | 37.52 | 37.24 | 33.70 | 33.19 | 33.65 | 34.34 | 35.86 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.44
= 43.26
The analysis of Starbucks Corporation's number of days of payables over the recent quarters reveals fluctuations in the company's payment practices to its suppliers. The number of days of payables has ranged from a low of 33.19 days to a high of 46.12 days in the last several quarters.
The trend indicates that Starbucks has been managing its payables effectively, with a relatively stable range of days over the periods. There was a noticeable increase in the number of days of payables in the most recent quarter, which could suggest the company slowing down payments to suppliers.
Overall, a careful assessment of the number of days of payables provides insights into Starbucks' liquidity management and relationships with its vendors. It is essential to monitor changes in this ratio to understand the company's working capital practices and financial health effectively.
Peer comparison
Sep 30, 2024
See also:
Starbucks Corporation Average Payables Payment Period (Quarterly Data)