Toll Brothers Inc (TOL)
Number of days of payables
| 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 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
January 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
To analyze Toll Brothers Inc.'s number of days of payables, we observe a fluctuating trend over the past eight quarters. The number of days of payables has ranged from a low of 24.06 days in Q1 2023 to a high of 31.75 days in Q3 2022. The variability in this ratio indicates changes in the company's payment practices and management of its accounts payable.
In recent quarters, there has been a gradual increase in the number of days of payables, with Q1 2024 showing an increase to 30.00 days compared to the previous quarter. This suggests that Toll Brothers Inc. has been taking slightly longer to settle its payables.
Overall, a higher number of days of payables may indicate that the company is taking longer to pay its suppliers, which could potentially improve cash flow in the short term. However, consistently extending payment terms could strain relationships with suppliers in the long run.
Further analysis would be required to understand the factors driving the changes in the number of days of payables and to assess the impact on Toll Brothers Inc.'s financial performance and liquidity position.
Peer comparison
Jan 31, 2024