Simply Good Foods Co (SMPL)
Number of days of payables
| Aug 31, 2024 | May 25, 2024 | Feb 24, 2024 | Nov 25, 2023 | Aug 26, 2023 | May 27, 2023 | Feb 25, 2023 | Nov 26, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 14.00 | 14.39 | 14.53 | 18.44 | 14.98 | 16.57 | 12.71 | 13.67 | 11.75 | 11.15 | 10.49 | 14.08 | 10.04 | 16.15 | 15.02 | 14.37 | 15.27 | 14.95 | 10.38 | 9.50 | |
| Number of days of payables | days | 26.07 | 25.36 | 25.12 | 19.79 | 24.36 | 22.03 | 28.73 | 26.69 | 31.07 | 32.73 | 34.79 | 25.93 | 36.35 | 22.59 | 24.30 | 25.40 | 23.90 | 24.41 | 35.18 | 38.42 |
August 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.00
= 26.07
The number of days of payables for Simply Good Foods Co has shown some fluctuations over the past few years, ranging from as low as 19.79 days to as high as 38.42 days. The average number of days of payables over the periods analyzed is approximately 27.73 days.
A lower number of days of payables indicates that the company takes less time to pay its suppliers, which may suggest stronger liquidity but potentially strained relationships with suppliers. Conversely, a higher number of days of payables may indicate that the company takes longer to settle its bills, which can be a sign of favorable credit terms or potential liquidity issues.
It is important to monitor trends in the number of days of payables over time to assess the company's payment practices, cash flow management, and financial health. Additionally, comparing this ratio with industry benchmarks can provide further insights into Simply Good Foods Co's efficiency in managing its payables.
Peer comparison
Aug 31, 2024