Winnebago Industries Inc (WGO)
Number of days of payables
| Aug 31, 2024 | Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 19.87 | 21.77 | 20.14 | 17.91 | 17.00 | |
| Number of days of payables | days | 18.36 | 16.76 | 18.12 | 20.38 | 21.47 |
August 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 19.87
= 18.36
Winnebago Industries Inc's number of days of payables has fluctuated over the past five years. As of August 31, 2024, the company took approximately 18.36 days to pay its creditors, a slight increase from the previous year's 16.76 days. The trend indicates that Winnebago has been managing its payables more efficiently compared to two years ago when it took 20.38 days to settle its obligations. The decrease in the number of days of payables suggests that the company has been able to negotiate more favorable credit terms or improve its working capital management practices. It is essential to monitor this metric continuously to ensure that the company maintains a healthy balance between managing its cash flow and maintaining good relationships with its suppliers.
Peer comparison
Aug 31, 2024