Universal Corporation (UVV)
Number of days of payables
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 23.98 | 20.05 | 23.71 | 10.06 | 11.35 | |
| Number of days of payables | days | 15.22 | 18.20 | 15.39 | 36.29 | 32.17 |
March 31, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 23.98
= 15.22
The number of days of payables for Universal Corporation has fluctuated over the past five years. As of March 31, 2021, the company took an average of 32.17 days to pay its creditors. This figure increased to 36.29 days by March 31, 2022, suggesting a potential slowdown in payments to suppliers. However, there was a significant improvement in payables management by March 31, 2023, with the number of days decreasing to 15.39 days. This continued to improve slightly to 18.20 days by March 31, 2024, before dropping to 15.22 days by March 31, 2025. Overall, the trend indicates that Universal Corporation has been effectively managing its payables, with a notable improvement in efficiency in recent years.
Peer comparison
Mar 31, 2025