Universal Corporation (UVV)
Number of days of payables
| Mar 31, 2025 | Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 23.98 | 31.08 | 26.93 | 28.65 | 20.07 | 24.20 | 30.45 | 24.40 | 25.38 | 9.92 | 11.59 | 7.46 | 10.06 | 7.23 | 10.51 | 12.39 | 11.35 | 9.93 | 15.91 | 11.80 | |
| Number of days of payables | days | 15.22 | 11.74 | 13.56 | 12.74 | 18.19 | 15.08 | 11.99 | 14.96 | 14.38 | 36.81 | 31.50 | 48.96 | 36.29 | 50.50 | 34.74 | 29.46 | 32.17 | 36.76 | 22.95 | 30.93 |
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 shown some fluctuations over the reported periods. As of March 31, 2022, the number of days of payables was 36.29 days, indicating that, on average, the company takes about 36 days to pay its trade payables. This metric increased to 48.96 days by June 30, 2022, reflecting a potential delay in settling its accounts payable.
However, by September 30, 2023, there was a significant improvement as the number of days of payables decreased to 11.99 days, suggesting a more efficient payment process during that period. This trend continued through December 31, 2024, with the number of days of payables hovering around 11-15 days, indicating that the company was able to manage its trade payables effectively during those quarters.
Overall, the analysis shows that Universal Corporation's management of payables has been variable, with periods of longer payment cycles followed by more efficient management of trade payables. It is essential for the company to strike a balance between delaying payments to optimize cash flows and maintaining good relationships with suppliers by settling obligations in a timely manner.
Peer comparison
Mar 31, 2025