UGI Corporation (UGI)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 10.88 | 16.02 | 9.05 | 5.62 | 10.84 | |
| Number of days of payables | days | 33.56 | 22.78 | 40.34 | 64.90 | 33.68 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.88
= 33.56
Based on the data provided, UGI Corporation's number of days of payables has fluctuated over the past five years. In Sep 30, 2024, the company's number of days of payables was 33.56 days, which indicates that, on average, it takes approximately 33.56 days for UGI Corporation to pay its vendors and suppliers.
Compared to the previous years, UGI Corporation's payables turnover has shown variability. In Sep 30, 2023, the number of days of payables was 22.78 days, demonstrating a shorter period for payables turnover compared to the most recent year.
The Sep 30, 2022, data showed an increase in the number of days of payables to 40.34 days, indicating a longer period for payables turnover compared to the previous year. In Sep 30, 2021, the number of days of payables increased significantly to 64.90 days, suggesting a further delay in payments to vendors and suppliers.
However, in Sep 30, 2020, the number of days of payables decreased to 33.68 days, approaching the level seen in 2024.
Overall, the trend in the number of days of payables for UGI Corporation has exhibited fluctuations, with variations in the company's payment practices over the past five years. This metric is essential in understanding how efficiently the company manages its accounts payable and cash flow.
Peer comparison
Sep 30, 2024