Universal Corporation (UVV)
Number of days of payables
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 1,574.29 | 413.69 | 369.82 | — | — | |
| Number of days of payables | days | 0.23 | 0.88 | 0.99 | — | — |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1,574.29
= 0.23
Universal Corporation's number of days of payables has shown a decreasing trend over the past three years, declining from 0.99 days in 2022 to 0.23 days in 2024. This indicates that the company is taking fewer days to settle its trade payables, which could result in improved cash flow management and potentially better relationships with its suppliers. It is important to note that data for 2021 and 2020 is not available, so a comprehensive trend analysis spanning more years is not possible at this time. However, the recent improvement in the number of days of payables suggests that Universal Corporation's liquidity position may be strengthening.
Peer comparison
Mar 31, 2024