Valvoline Inc (VVV)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.51 | 9.84 | 23.16 | 62.75 | 9.93 | |
| Number of days of payables | days | 31.72 | 37.08 | 15.76 | 5.82 | 36.75 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.51
= 31.72
The number of days of payables for Valvoline Inc has fluctuated over the past five years. In the most recent fiscal year ending on September 30, 2024, the company took approximately 31.72 days to pay its suppliers, which is a decrease from the previous year. This indicates that Valvoline has been managing its payables more efficiently compared to prior periods.
In the fiscal year ending on September 30, 2023, the number of days of payables was 37.08 days, showing a longer payment period to suppliers. The reduction in the number of days of payables from 2023 to 2024 suggests that the company may have improved its working capital management or negotiated better payment terms with its suppliers.
On the other hand, the lowest number of days of payables was observed in the fiscal year ending on September 30, 2021, at 5.82 days. This indicates that Valvoline was able to pay its suppliers quickly during that period, potentially benefiting from favorable payment conditions or efficient cash flow management strategies.
Overall, fluctuations in the number of days of payables for Valvoline Inc suggest changes in the company's ability to manage its trade credit obligations and working capital efficiency over the years.
Peer comparison
Sep 30, 2024