Winnebago Industries Inc (WGO)
Number of days of payables
| Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 21.77 | 20.14 | 17.91 | 17.00 | 20.56 | |
| Number of days of payables | days | 16.76 | 18.12 | 20.38 | 21.47 | 17.75 |
August 26, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 21.77
= 16.76
The number of days of payables for Winnebago Industries, Inc. has shown a fluctuating trend over the past five years. The company's ability to pay off its trade payables within a certain period has improved from 23.68 days in 2020 to 18.46 days in 2023. This suggests that Winnebago has become more efficient in managing its trade payables, as the number of days required to settle these obligations has decreased. A lower number of days of payables indicates that the company is taking less time to pay its suppliers, which can be seen as a positive sign of effective cash management and potential negotiation power with suppliers. This trend may indicate that the company is successfully optimizing its working capital management, potentially freeing up cash for other purposes such as investments or debt reduction. However, it's important to note that the company should maintain a balance in managing its payables to ensure good relationships with its suppliers while maximizing its cash flow efficiency.
Peer comparison
Aug 26, 2023