Constellation Brands Inc Class A (STZ)

Number of days of payables

		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	Aug 31, 2019	May 31, 2019
Payables turnover		6.27	6.77	7.13	6.93	7.03	6.46	6.58	6.97	6.49	6.16	7.12	7.05	12.68	7.84	8.49	11.29	10.50	8.66	9.62	10.34
Number of days of payables	days	58.24	53.94	51.20	52.70	51.89	56.47	55.50	52.36	56.24	59.22	51.30	51.75	28.78	46.57	43.01	32.33	34.77	42.15	37.95	35.29

February 29, 2024 calculation

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

The number of days of payables for Constellation Brands Inc Class A has fluctuated over the past few years. As of February 29, 2024, the company took approximately 58.24 days to pay its bills to creditors. This shows an upward trend compared to the data from August 31, 2023, where the number of days of payables was 51.20 days.

The company's payables turnover has varied between 28.78 days on February 28, 2021, and 59.22 days on November 30, 2021. This indicates that the company has been managing its payables efficiently in some periods but may have delayed payments in others.

Overall, a high number of days of payables could suggest that Constellation Brands Inc Class A is taking longer to settle its debts with suppliers, which could impact cash flow management and relationships with vendors. It is important for the company to closely monitor and manage its payables turnover to maintain good financial health and operational efficiency.