John Wiley & Sons (WLY)
Number of days of payables
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 30.00 | 22.71 | 24.08 | 17.98 | 21.18 | |
| Number of days of payables | days | 12.17 | 16.08 | 15.15 | 20.30 | 17.23 |
April 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 30.00
= 12.17
Based on the data provided, John Wiley & Sons has shown a decreasing trend in the number of days of payables over the past five years. The number of days of payables has decreased from 20.30 days in 2021 to 12.17 days in 2024.
A lower number of days of payables indicates that the company is taking less time to pay off its suppliers, which may suggest efficient management of its working capital and strong vendor relations. This also implies that the company may be able to negotiate more favorable payment terms with its suppliers.
Overall, the decreasing trend in the number of days of payables for John Wiley & Sons is a positive indicator of the company's liquidity and operational efficiency.
Peer comparison
Apr 30, 2024