UGI Corporation (UGI)
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 | 10.85 | 12.34 | 11.72 | 10.66 | 16.02 | 18.95 | 12.94 | 8.96 | 9.05 | 7.71 | 6.19 | 5.58 | 4.92 | 8.64 | 7.89 | 6.95 | 8.70 | 10.34 | 8.21 | 4.28 | |
| Number of days of payables | days | 33.63 | 29.57 | 31.15 | 34.24 | 22.78 | 19.26 | 28.21 | 40.76 | 40.34 | 47.32 | 58.99 | 65.43 | 74.22 | 42.25 | 46.27 | 52.50 | 41.94 | 35.29 | 44.45 | 85.26 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.85
= 33.63
The number of days of payables for UGI Corporation has fluctuated over the past few quarters. As of September 30, 2024, the company took approximately 33.63 days to pay its suppliers, which is slightly higher compared to the previous quarter. This suggests that UGI is taking a bit longer to settle its payables in the most recent quarter.
Looking back at historical data, there has been variability in the number of days of payables, with some quarters showing shorter payment cycles and others longer. This could indicate changes in the company's working capital management or fluctuations in its relationships with suppliers.
Overall, monitoring the number of days of payables can provide insights into UGI's liquidity, cash flow management, and vendor relationships. Understanding these trends can help stakeholders assess the company's financial health and efficiency in managing its payment obligations.
Peer comparison
Sep 30, 2024