Sonos Inc (SONO)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.51 | 7.36 | 4.20 | 6.21 | 4.71 | |
| Number of days of payables | days | 56.05 | 49.57 | 87.00 | 58.77 | 77.47 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.51
= 56.05
The number of days of payables for Sonos Inc has fluctuated over the past five years. In 2024, the company took around 56.05 days, on average, to pay its suppliers, which was an increase from the previous year. This suggests that Sonos Inc is taking slightly longer to settle its payables in 2024 as compared to 2023.
Comparing to the data from 2022, we can see a significant improvement in payables management as the number of days reduced to 87.00 days in 2022. However, the payables days in 2021 were lower than those in 2022, indicating a more efficient management of payables that year.
In the context of the benchmark, the number of days of payables for Sonos Inc in 2024 is relatively lower than in 2022 but higher than in 2021, suggesting a mix of factors influencing the company's payment policies and financial operations. Further analysis and comparison with industry standards may provide deeper insights into Sonos Inc's payables management efficiency.
Peer comparison
Sep 30, 2024