Standex International Corporation (SXI)
Number of days of payables
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 5.56 | 6.92 | 6.65 | 6.25 | 5.55 | |
| Number of days of payables | days | 65.62 | 52.73 | 54.92 | 58.44 | 65.75 |
June 30, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.56
= 65.62
The number of days of payables for Standex International Corporation exhibits notable fluctuations over the period from June 30, 2021, to June 30, 2025. As of June 30, 2021, the company extended approximately 65.75 days before settling its payables, indicating a relatively longer time horizon for paying creditors. This figure decreased steadily over the subsequent years, reaching 58.44 days by June 30, 2022, and further contracting to 54.92 days by June 30, 2023.
The trend continued into the fiscal year ending June 30, 2024, with the days of payables decreasing to approximately 52.73 days, suggesting an increasing efficiency or possibly improved cash flow management in settling liabilities. However, this downward trend was not sustained into the next period, as the days of payables markedly increased again to 65.62 days by June 30, 2025. This recent rise indicates the company extended its payment period significantly beyond the previous year, potentially reflecting strategic changes in payment practices, supplier negotiations, or cash management policies.
Overall, the data portrays a pattern characterized by a reduction in the days of payables from 2021 through 2024, followed by a revival in 2025. The fluctuating figures suggest that at various points, the company has adjusted its payment strategies, which could be driven by internal financial considerations or external supplier relationships.
Peer comparison
Jun 30, 2025