Triumph Group Inc (TGI)
Number of days of payables
| 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 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 5.78 | 7.40 | 6.22 | 5.95 | 5.42 | 5.74 | 6.45 | 7.92 | 6.64 | 6.80 | 8.81 | 8.35 | 8.23 | 8.57 | 7.75 | 7.08 | 5.04 | 6.55 | 6.40 | 6.57 | |
| Number of days of payables | days | 63.13 | 49.34 | 58.73 | 61.35 | 67.30 | 63.62 | 56.57 | 46.06 | 54.95 | 53.70 | 41.43 | 43.70 | 44.37 | 42.60 | 47.11 | 51.55 | 72.40 | 55.73 | 57.06 | 55.54 |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.78
= 63.13
The number of days of payables for Triumph Group Inc has shown some fluctuation over the past several quarters. The trend indicates that the company takes, on average, around 51 to 63 days to pay its trade payables.
In recent quarters, there has been an increase in the number of days of payables, suggesting that the company may be taking longer to settle its payables. This could be due to various reasons such as changes in payment terms with suppliers, a deliberate strategy to manage cash flow, or inefficiencies in the accounts payable process.
It is noteworthy that the number of days of payables reached a high of 72.40 days in the first quarter of 2020, which was significantly above the average observed in other quarters. This might indicate a specific event or circumstance impacting the company's payment practices during that period.
Overall, monitoring the number of days of payables is crucial as it can provide insights into the company's liquidity management, vendor relationships, and financial health. Any significant deviations from historical trends should be further investigated to understand the underlying reasons and implications for Triumph Group Inc.
Peer comparison
Mar 31, 2024