WD-40 Company (WDFC)
Number of days of payables
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 12.80 | 13.58 | 12.30 | 6.70 | 8.56 | |
| Number of days of payables | days | 28.52 | 26.87 | 29.67 | 54.50 | 42.66 |
August 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.80
= 28.52
The number of days of payables for WD-40 Company has fluctuated over the past five years. In the most recent fiscal year ending August 31, 2024, the company took approximately 28.52 days to pay its suppliers, which is slightly higher than the previous year's figure of 26.87 days. This suggests that the company has improved its efficiency in paying its trade payables.
Comparing the latest figure to the data from two years ago, we see that the number of days of payables has decreased significantly, indicating a more efficient management of trade credit and potentially better negotiating power with suppliers.
However, when looking back further to three and four years ago, we observe that the number of days of payables was notably higher, standing at 29.67 days in 2022, 54.50 days in 2021, and 42.66 days in 2020. This indicates that the company has made significant improvements in managing its payables over the past few years.
Overall, a decreasing trend in the number of days of payables for WD-40 Company over the past five years suggests a positive development in the company's working capital management and its relationship with suppliers.
Peer comparison
Aug 31, 2024