Spire Inc (SR)

Number of days of payables

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Payables turnover		1.30	1.13	0.43	0.09	0.70
Number of days of payables	days	280.19	322.90	851.02	4,190.85	518.11

September 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.30
= 280.19

The number of days of payables for Spire Inc has fluctuated significantly over the past five years. In September 2024, the company had 280.19 days of payables, which decreased from 322.90 days in September 2023. This suggests that Spire Inc has been able to manage its payables more efficiently in the most recent year.

However, the number of days of payables was significantly higher in the prior years, with 851.02 days in September 2022, 4,190.85 days in September 2021, and 518.11 days in September 2020. These high figures indicate that the company took a longer time to pay its suppliers in those years, which could have implications for cash flow management and cash conversion cycle efficiency.

Overall, the decreasing trend in the number of days of payables in the most recent year is a positive sign, as it may indicate improved liquidity management and financial health for Spire Inc. It is essential for the company to continue monitoring and optimizing its payables turnover to maintain a healthy balance in supplier relationships and working capital management.