Walgreens Boots Alliance Inc (WBA)
Number of days of payables
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 12.77 | 10.84 | 11.86 | 12.22 | 11.29 | 11.60 | 11.93 | 11.32 | 11.94 | 10.65 | 12.26 | 9.11 | 9.83 | 6.84 | 10.59 | 10.01 | 9.04 | 8.69 | 9.27 | 8.90 | |
| Number of days of payables | days | 28.57 | 33.68 | 30.77 | 29.88 | 32.34 | 31.47 | 30.58 | 32.23 | 30.58 | 34.26 | 29.76 | 40.09 | 37.13 | 53.37 | 34.45 | 36.48 | 40.36 | 42.00 | 39.39 | 41.00 |
February 29, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.77
= 28.57
The number of days of payables for Walgreens Boots Alliance Inc has fluctuated over the past few quarters. As of February 29, 2024, the company took approximately 28.57 days to pay its suppliers, showing a relatively efficient payable turnover. This signifies that the company is managing its payables effectively, potentially benefiting from favorable credit terms.
On average, over the periods reported, Walgreens Boots Alliance Inc appears to maintain a reasonable number of days of payables, with levels ranging from approximately 29 to 34 days. This indicates a consistent approach to managing its accounts payable, balancing timely payments with cash flow optimization.
However, it is important to note the significant increase in the number of days of payables observed in some quarters, such as in May 31, 2021, where it spiked to 53.37 days. This could potentially signal delays in payment processing or changes in the company's supplier relationships.
Overall, the trend in Walgreens Boots Alliance Inc's number of days of payables suggests a balanced approach to managing its accounts payable, with occasional variations that may warrant further investigation to understand the underlying reasons for such fluctuations.
Peer comparison
Feb 29, 2024
See also:
Walgreens Boots Alliance Inc Average Payables Payment Period (Quarterly Data)