Universal Corporation (UVV)
Number of days of payables
| 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 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 1,567.90 | 20,334.69 | 14,847.71 | 1,670.12 | 412.63 | 41,317.14 | — | 23,181.73 | 369.59 | — | — | — | — | — | — | — | — | — | — | — | |
| Number of days of payables | days | 0.23 | 0.02 | 0.02 | 0.22 | 0.88 | 0.01 | — | 0.02 | 0.99 | — | — | — | — | — | — | — | — | — | — | — |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1,567.90
= 0.23
The number of days of payables for Universal Corporation has demonstrated variability over the past several quarters. The ratio ranged from a low of 0.01 days to a high of 0.99 days during the period under review. It is important to note that there were some quarters where data was not available.
The trend indicates that Universal Corporation has been able to effectively manage its payables, with most quarters showing a low number of days of payables. This suggests that the company is efficient in paying off its obligations to suppliers and vendors. However, the relatively higher number of days of payables in certain quarters may indicate a delay in payment processing during those periods.
Overall, a lower number of days of payables is generally favorable as it indicates that the company is able to settle its payables quickly, which can improve cash flow management and relationships with suppliers. Investors and analysts may continue to monitor this ratio in future periods to assess Universal Corporation's ability to effectively manage its accounts payable.
Peer comparison
Mar 31, 2024