Simulations Plus Inc (SLP)
Number of days of payables
Aug 31, 2024 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Payables turnover | 71.13 | 39.63 | 44.65 | 42.94 | 80.76 | 30.61 | 30.08 | 45.11 | 48.10 | 25.66 | 26.19 | 574.89 | 27.39 | 35.20 | 26.71 | 31.44 | 30.34 | 15.48 | 15.88 | 16.18 | |
Number of days of payables | days | 5.13 | 9.21 | 8.17 | 8.50 | 4.52 | 11.92 | 12.14 | 8.09 | 7.59 | 14.23 | 13.94 | 0.63 | 13.33 | 10.37 | 13.67 | 11.61 | 12.03 | 23.57 | 22.99 | 22.56 |
August 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 71.13
= 5.13
The number of days of payables for Simulations Plus Inc has shown some fluctuations over the past few years. On average, the company takes around 10 days to pay its suppliers.
The trend indicates that the company has been able to manage its payables efficiently, with some periods showing significantly lower number of days of payables, such as in February 2022 and November 2021. However, there are instances where the number of days of payables increased, such as in August 2020 and November 2019.
Overall, a lower number of days of payables indicates that the company is able to pay its suppliers more quickly, potentially benefiting from discounts or maintaining good relationships with suppliers. Conversely, a higher number of days of payables may suggest potential liquidity issues or strained relationships with suppliers.
It is important for Simulations Plus Inc to closely monitor its payables management to ensure a healthy balance between optimizing cash flows and maintaining positive relationships with suppliers.
Peer comparison
Aug 31, 2024