Thor Industries Inc (THO)
Number of days of payables
| Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 15.32 | 12.23 | 13.01 | 13.39 | 14.31 | 14.37 | 20.09 | 20.79 | 17.97 | 14.18 | 13.60 | 12.01 | 12.47 | 9.96 | 10.83 | 10.75 | 12.24 | 18.96 | 13.99 | 13.87 | |
| Number of days of payables | days | 23.83 | 29.84 | 28.06 | 27.25 | 25.50 | 25.39 | 18.17 | 17.56 | 20.31 | 25.75 | 26.84 | 30.39 | 29.27 | 36.64 | 33.70 | 33.95 | 29.82 | 19.25 | 26.08 | 26.32 |
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 shown fluctuations over the past few years, ranging from as low as 17.56 days to as high as 36.64 days. The trend indicates that the company takes, on average, around 25 to 30 days to pay off its payables to suppliers. In recent periods, there has been an observable decrease in the number of days of payables, which may suggest a more efficient management of accounts payable. Overall, a lower number of days of payables indicates that the company is managing its payables effectively and potentially taking advantage of credit terms offered by its suppliers.
Peer comparison
Jul 31, 2024