Vestis Corporation (VSTS)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 15.71 | 16.06 | 15.42 | 16.28 | — | — | — | ||||
| Number of days of payables | days | 23.23 | 22.72 | 23.67 | 22.42 | — | — | — |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.71
= 23.23
The number of days of payables for Vestis Corporation has been relatively consistent over the past few quarters, ranging from 22.42 days to 23.67 days. This indicates that the company takes approximately 22 to 24 days to pay its suppliers or creditors on average. A stable number of days of payables may suggest effective management of trade credit terms and working capital, as well as good relationships with suppliers. It's worth noting that there is missing data for the number of days of payables in the most recent quarter, which may be a result of data reporting or calculation issues. Further analysis and comparison with industry benchmarks could provide additional insights into Vestis Corporation's payment practices and financial efficiency.
Peer comparison
Sep 30, 2024