Vestis Corporation (VSTS)
Number of days of payables
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|
| Payables turnover | — | — | — | — | |
| Number of days of payables | days | — | — | — | — |
September 30, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
To analyze Vestis Corporation's number of days of payables, we need specific data for each year included in the provided table. Unfortunately, the table does not contain the necessary information to calculate or interpret the number of days of payables for the company for the years ending in September 30, 2020, 2021, 2022, and 2023.
Without the specific figures related to accounts payable and cost of goods sold for each year, we are unable to calculate the number of days of payables. This ratio is crucial as it indicates how long, on average, it takes for the company to pay its suppliers. A decreasing trend in the number of days of payables could suggest a more efficient management of accounts payable, while an increasing trend may indicate liquidity challenges or strained supplier relationships.
In order to conduct a thorough analysis of Vestis Corporation's number of days of payables, it is vital to obtain the relevant financial data for each year under review. This will enable us to provide a detailed assessment of the company's payment practices and financial health.
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Sep 30, 2023