Vestis Corporation (VSTS)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 15.77 | — | — | — | — | |
| Number of days of payables | days | 23.15 | — | — | — | — |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.77
= 23.15
The number of days of payables for Vestis Corporation as of September 30, 2024, stands at 23.15 days. Unfortunately, the data for the preceding years (2023, 2022, 2021, and 2020) is not available for comparison. This metric indicates the average number of days it takes the company to pay its bills or outstanding payables, reflecting its efficiency in managing its trade credit terms with suppliers. A lower number of days of payables suggests that the company is paying its bills more quickly, potentially indicating strong liquidity or favorable relationships with suppliers. On the other hand, a higher number of days of payables may imply liquidity challenges or stretched payment terms. Further analysis and comparison with industry benchmarks would provide more insights into Vestis Corporation's payables management and financial health.
Peer comparison
Sep 30, 2024