Valvoline Inc (VVV)
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 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 11.51 | 11.84 | 10.40 | 15.56 | 9.84 | -4.24 | 1.23 | 12.57 | 23.71 | 11.30 | 11.94 | 12.14 | 62.51 | 8.03 | 8.37 | 8.84 | 7.24 | 7.42 | 7.60 | 9.50 | |
| Number of days of payables | days | 31.72 | 30.82 | 35.09 | 23.46 | 37.08 | — | 296.28 | 29.04 | 15.39 | 32.30 | 30.58 | 30.07 | 5.84 | 45.47 | 43.63 | 41.31 | 50.43 | 49.18 | 48.01 | 38.43 |
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 years, indicating varying payment practices and efficiency in managing its accounts payable. As of September 30, 2024, Valvoline took approximately 31.72 days to pay its suppliers, which was slightly higher compared to the previous quarter.
The trend in payables days shows some inconsistency, with significant fluctuations evident over the quarters. For instance, on March 31, 2024, the number of days of payables was comparatively high at 35.09 days, suggesting a prolonged payment period. In contrast, on December 31, 2023, the days of payables dropped to 23.46 days, indicating a more efficient payment cycle during that period.
It is worth noting that on March 31, 2023, there was a significant anomaly in the data with 296.28 days of payables, which could be due to exceptional circumstances or data recording errors. Subsequently, the payables days have stabilized around the 30-day mark in the following quarters.
Overall, the analysis of Valvoline's number of days of payables highlights the importance of monitoring and managing accounts payable effectively to optimize cash flow and maintain good relationships with suppliers.
Peer comparison
Sep 30, 2024