Triumph Group Inc (TGI)
Number of days of payables
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 5.19 | 5.71 | 6.64 | 8.23 | 5.04 | |
| Number of days of payables | days | 70.27 | 63.89 | 54.95 | 44.37 | 72.40 |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.19
= 70.27
Triumph Group Inc's number of days of payables has shown fluctuating trends over the past five years. As of March 31, 2024, the company takes an average of approximately 70.27 days to pay its payable obligations, which is a decrease from the previous year's 78.23 days. This indicates an improvement in the company's ability to manage its payables more efficiently. However, compared to the data from March 31, 2022, where the number of days of payables was 54.95 days, there has been a noticeable increase in the payment period.
The company's number of days of payables in the most recent fiscal year is higher than in March 31, 2023 and March 31, 2021 but lower than in March 31, 2020. This suggests that Triumph Group Inc may have adjusted its payment practices in response to changing business conditions or strategic objectives.
Overall, the analysis of Triumph Group Inc's number of days of payables indicates that the company has experienced fluctuations in its payment period over the years, with recent improvements in managing payables more efficiently. This metric is crucial for understanding the company's liquidity and working capital management strategies.
Peer comparison
Mar 31, 2024