Toll Brothers Inc (TOL)
Number of days of payables
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | — | — | — | — | |
| Number of days of payables | days | — | — | — | — | — |
October 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
To analyze Toll Brothers Inc.'s number of days of payables, we observe the trend over the past five years. The number of days of payables measures how long, on average, it takes for the company to pay its suppliers and vendors.
We note that the number of days of payables has fluctuated between 21.91 days in 2019 to 30.85 days in 2021. This variability indicates changes in the company's payment practices and relationships with suppliers.
The increase from 2019 to 2021 suggests that Toll Brothers may have taken longer to pay its bills during that period. However, the slight decrease in 2022 and 2023 indicates an improvement in the company's payables management, as it took fewer days to settle its obligations to suppliers.
Overall, the number of days of payables for Toll Brothers Inc. demonstrates variability over the years, reflecting changes in the company's payment policies and potential shifts in its relationships with suppliers.
Peer comparison
Oct 31, 2023