Tyson Foods Inc (TSN)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 20.68 | 19.37 | 18.77 | 18.21 | 20.15 | |
| Number of days of payables | days | 17.65 | 18.84 | 19.44 | 20.04 | 18.11 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 20.68
= 17.65
The number of days of payables for Tyson Foods Inc has shown a decreasing trend over the past five years. In 2020, the company took approximately 18.11 days to pay its suppliers, which decreased to 17.65 days in 2024. This indicates that the company is managing its payables more efficiently, potentially negotiating better payment terms with suppliers or improving its cash flow management. A decreasing number of days of payables can also suggest that Tyson Foods Inc is able to settle its trade payables quicker, which could reflect positively on its relationships with suppliers and overall financial health.
Peer comparison
Sep 30, 2024