Constellation Brands Inc Class A (STZ)

Number of days of payables

		Feb 29, 2024	Feb 28, 2023	Feb 28, 2022	Feb 28, 2021	Feb 29, 2020
Payables turnover		6.27	8.16	6.49	12.67	10.46
Number of days of payables	days	58.24	44.73	56.24	28.80	34.90

February 29, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.27
= 58.24

Constellation Brands Inc Class A has seen fluctuations in its number of days of payables over the past five years. The number of days of payables indicates the average number of days it takes for the company to pay its suppliers.

In the most recent fiscal year ending on February 29, 2024, Constellation Brands Inc Class A had a number of days of payables of 58.24 days, which represents an increase compared to the previous fiscal year. This suggests that the company took longer to pay its suppliers in the most recent period.

Looking back at the trend over the past five years, we observe variations in the number of days of payables. The company had the highest number of days of payables in the fiscal year ending on February 28, 2022, at 56.24 days. In contrast, the lowest number of days of payables was seen in the fiscal year ending on February 28, 2021, at 28.80 days.

Overall, the trend in the number of days of payables for Constellation Brands Inc Class A indicates fluctuations in how promptly the company pays its suppliers, with the most recent fiscal year showing an increase in the number of days of payables.