WD-40 Company (WDFC)
Number of days of payables
| Aug 31, 2024 | May 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 12.79 | 13.79 | 13.46 | 15.02 | 13.58 | 15.39 | 14.10 | 12.57 | 12.30 | 8.84 | 8.19 | 7.79 | 6.70 | 6.93 | 7.15 | 7.87 | 8.56 | 10.65 | 7.78 | 10.33 | |
| Number of days of payables | days | 28.53 | 26.48 | 27.11 | 24.30 | 26.87 | 23.72 | 25.88 | 29.04 | 29.67 | 41.30 | 44.55 | 46.84 | 54.50 | 52.66 | 51.06 | 46.38 | 42.66 | 34.28 | 46.89 | 35.35 |
August 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.79
= 28.53
The number of days of payables for WD-40 Company has fluctuated over the past few years, indicating variability in the company's payment practices to its suppliers. The average number of days of payables has been around 35 days, with the lowest being 23.72 days and the highest reaching 54.50 days.
In recent years, the company seems to be managing its payables more efficiently, as the number of days of payables has been decreasing. This could imply that the company is paying its suppliers more promptly or negotiating better payment terms.
It is important to monitor this ratio over time to assess the company's liquidity position and its ability to manage its working capital effectively. A decreasing trend in the number of days of payables could also indicate improved relationships with suppliers or a more streamlined accounts payable process. Further analysis and comparison with industry benchmarks would provide a more comprehensive understanding of WD-40 Company's payables management strategy.
Peer comparison
Aug 31, 2024