Walgreens Boots Alliance Inc (WBA)
Number of days of payables
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.81 | 11.86 | 11.96 | 11.69 | 13.98 | |
| Number of days of payables | days | 30.91 | 30.78 | 30.53 | 31.21 | 26.10 |
August 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.81
= 30.91
The number of days of payables for Walgreens Boots Alliance Inc has been relatively stable over the past five years, ranging from 26.10 days in 2020 to 31.21 days in 2021. In particular, for the most recent fiscal year ending on August 31, 2024, the number of days of payables stood at 30.91 days. This indicates that, on average, it takes approximately 30.91 days for the company to pay its outstanding supplier invoices. Generally, a higher number of days of payables suggests that the company is taking longer to settle its payables, which can indicate a more favorable position for cash flow management. It is important to consider this ratio in conjunction with other liquidity and efficiency metrics to gain a comprehensive understanding of Walgreens Boots Alliance Inc's financial performance and operational effectiveness.
Peer comparison
Aug 31, 2024
See also:
Walgreens Boots Alliance Inc Average Payables Payment Period