Tyson Foods Inc (TSN)
Number of days of payables
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 20.68 | 21.85 | 22.31 | 19.24 | 19.37 | 20.57 | 20.62 | 18.97 | 18.77 | 19.31 | 19.17 | 19.93 | 18.21 | 20.53 | 19.94 | 18.88 | 20.15 | 21.63 | 22.12 | 19.79 | |
| Number of days of payables | days | 17.65 | 16.70 | 16.36 | 18.98 | 18.84 | 17.75 | 17.70 | 19.24 | 19.44 | 18.91 | 19.04 | 18.31 | 20.04 | 17.78 | 18.30 | 19.33 | 18.11 | 16.88 | 16.50 | 18.44 |
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 ranged from 16.36 days to 20.04 days over the past five years. As of September 30, 2024, the company had an average of 17.65 days of payables. This indicates that, on average, Tyson Foods takes approximately 17.65 days to pay its suppliers or vendors after purchasing goods or services on credit.
A decreasing trend in the number of days of payables from December 2019 to March 2021 was followed by an increase up to September 2024. A longer number of days of payables may suggest a positive relationship with suppliers or the ability to negotiate favorable credit terms. It is important to monitor changes in this ratio over time as it can reflect the company's liquidity management and relationships with suppliers.
Peer comparison
Sep 30, 2024