Standex International Corporation (SXI)
Number of days of payables
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 9.82 | 10.91 | 10.04 | 10.45 | 9.45 | 9.64 | 9.90 | 9.94 | 8.73 | 8.58 | 8.41 | 7.68 | 7.95 | 7.87 | 9.13 | 9.93 | 9.13 | 10.05 | 8.01 | 8.55 | |
| Number of days of payables | days | 37.16 | 33.45 | 36.37 | 34.94 | 38.63 | 37.87 | 36.86 | 36.71 | 41.79 | 42.56 | 43.41 | 47.55 | 45.92 | 46.39 | 39.99 | 36.77 | 39.98 | 36.31 | 45.56 | 42.69 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.82
= 37.16
Standex International Corporation's number of days of payables has fluctuated over the past few quarters. As of June 30, 2024, the company took approximately 37.16 days to pay its suppliers, which indicates an ability to efficiently manage its payables. Compared to the previous quarter, this represents a slight increase from 33.45 days at the end of March 2024.
Looking further back, the number of days of payables has ranged between 33.45 days and 47.55 days over the last eight quarters, with an average of around 40 days. The decrease in the number of days of payables from the previous quarter may suggest that Standex International Corporation has been able to negotiate better payment terms with its suppliers or has implemented more efficient accounts payable processes.
It is essential to continue monitoring Standex International Corporation's number of days of payables in the future to assess the company's liquidity management and ability to maintain favorable relationships with its vendors.
Peer comparison
Jun 30, 2024