Toro Co (TTC)
Number of days of payables
| Oct 31, 2024 | Aug 2, 2024 | May 3, 2024 | Feb 2, 2024 | Oct 31, 2023 | Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 31, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 31, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 31, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 9.02 | 9.15 | 8.00 | 9.62 | 9.67 | 10.53 | 8.14 | 8.73 | 6.87 | 7.87 | 6.51 | 7.54 | 6.89 | 8.08 | 7.57 | 8.31 | 8.17 | 10.85 | 9.04 | 8.56 | |
| Number of days of payables | days | 40.45 | 39.88 | 45.62 | 37.93 | 37.74 | 34.65 | 44.87 | 41.83 | 53.17 | 46.35 | 56.07 | 48.43 | 53.00 | 45.17 | 48.20 | 43.93 | 44.70 | 33.64 | 40.39 | 42.66 |
October 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.02
= 40.45
Toro Co's number of days of payables have shown some fluctuations over the past few years. The company's average number of days of payables seems to be around 40 days, indicating that, on average, it takes the company approximately 40 days to pay off its suppliers and trade payables.
The data reveals that Toro Co has managed to maintain relatively consistent payment terms with its suppliers, with fluctuations typically within a narrow range around the average. A lower number of days of payables suggests that the company is paying its bills more quickly, which can be a sign of good liquidity and strong supplier relationships. On the other hand, a higher number of days of payables may indicate that the company is taking longer to settle its obligations, potentially signaling financial strain or inefficiencies in managing working capital.
Overall, a detailed analysis of Toro Co's number of days of payables over time can provide insights into the company's financial management practices, cash flow efficiency, and relationships with its suppliers.