Standex International Corporation (SXI)
Number of days of payables
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.77 | 9.35 | 8.73 | 8.05 | 7.09 | |
| Number of days of payables | days | 37.36 | 39.04 | 41.79 | 45.34 | 51.51 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.77
= 37.36
The number of days of payables for Standex International Corporation has shown a decreasing trend over the past five years, indicating an improvement in the company's ability to manage its accounts payable effectively. As of June 30, 2024, Standex International Corporation takes approximately 37.36 days on average to pay its suppliers and vendors, which is a reduction from 39.04 days in the previous year. This suggests that the company is paying its obligations more efficiently, potentially benefiting from negotiated payment terms or improved cash flow management. Overall, the decreasing trend in the number of days of payables reflects positively on Standex International Corporation's liquidity and working capital management.
Peer comparison
Jun 30, 2024