Toro Co (TTC)
Number of days of payables
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.02 | 9.67 | 6.87 | 6.89 | 8.17 | |
| Number of days of payables | days | 40.45 | 37.74 | 53.17 | 53.00 | 44.70 |
October 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.02
= 40.45
The number of days of payables for Toro Co has shown some fluctuations over the past five years. In 2024, the company took an average of approximately 40.45 days to pay its suppliers, which is slightly higher compared to the previous year. This indicates that Toro Co is able to manage its payables effectively and may have negotiated more favorable payment terms with its suppliers. In 2022, there was a significant increase in the number of days of payables to 53.17 days, indicating that the company took longer to settle its payables during that year. However, this figure improved in 2023 and 2024, suggesting better management of payables in those years. Overall, the trend in the number of days of payables for Toro Co reflects careful management of working capital and supplier relationships.