Standex International Corporation (SXI)
Number of days of payables
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 5.45 | 5.95 | 5.97 | 6.42 | 6.92 | 7.57 | 7.00 | 7.34 | 6.65 | 6.81 | 7.04 | 7.07 | 6.25 | 6.08 | 5.93 | 5.38 | 5.55 | 5.96 | 7.03 | 8.26 | |
| Number of days of payables | days | 66.99 | 61.37 | 61.10 | 56.87 | 52.74 | 48.21 | 52.16 | 49.71 | 54.92 | 53.64 | 51.85 | 51.66 | 58.44 | 60.01 | 61.52 | 67.81 | 65.76 | 61.28 | 51.93 | 44.18 |
June 30, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.45
= 66.99
The analysis of the number of days of payables for Standex International Corporation over the specified periods reveals notable fluctuations and overall trends. At the outset, as of September 30, 2020, the days payable stood at approximately 44.18 days, indicating that the company took about 44 days to settle its payables. This figure increased consistently through the following quarters, reaching a peak of approximately 67.81 days by September 30, 2021, suggesting a tendency toward lengthening the period to delay payments.
Subsequently, a gradual reduction is observable, with days payable decreasing to approximately 51.66 days by September 30, 2022, and then stabilizing around the low 50s in the following periods. For instance, as of September 30, 2022, it was 51.66 days and remained relatively steady through December 31, 2022, at about 51.85 days, indicating a period of stability in payables management.
In the subsequent periods, there is a mild upward trend again, with days of payables rising to roughly 54.92 days as of June 30, 2023, before decreasing slightly to around 49.71 days by September 30, 2023. However, this downward trend reverses in the subsequent quarters, as the days payable increase again, reaching approximately 52.16 days at the end of 2023 and then further rising to about 56.87 days as of September 30, 2024.
Looking ahead, projections show a significant upward trajectory, with days payable estimated to reach approximately 66.99 days by June 30, 2025. This indicates an overall tendency toward lengthening the average period held before paying suppliers in the coming year.
Overall, the data indicates that Standex International has experienced periods of both extension and reduction in payables days, with a general increasing trend over the longer term. The observed fluctuations could be reflective of strategic changes in payment policies, working capital management, or supplier negotiation tactics. The recent trend suggests a potential strategy toward extending payment periods, which might impact the company's liquidity and supplier relations in future periods.
Peer comparison
Jun 30, 2025