Thor Industries Inc (THO)
Number of days of payables
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 15.32 | 14.31 | 17.97 | 12.47 | 12.24 | |
| Number of days of payables | days | 23.83 | 25.50 | 20.31 | 29.27 | 29.82 |
July 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.32
= 23.83
The number of days of payables for Thor Industries Inc has fluctuated over the past five years. In the most recent fiscal year ending on July 31, 2024, the company took approximately 23.83 days, on average, to pay its suppliers. This represents an improvement compared to the previous year, where the number of days of payables was 25.50 days.
Analyzing further, in the year ending July 31, 2022, Thor Industries Inc managed to reduce its number of days of payables to 20.31 days, indicating an efficient management of its trade payables. However, in the fiscal years ending July 31, 2021 and July 31, 2020, the company took longer to settle its payables, with 29.27 days and 29.82 days, respectively.
Overall, Thor Industries Inc's number of days of payables has shown some variability in recent years, with efforts to manage payables more effectively evident in certain periods. The company's ability to maintain a relatively low number of days of payables can signal efficient cash management and positive supplier relationships.
Peer comparison
Jul 31, 2024