Advanced Drainage Systems Inc (WMS)

The number of days of payables for Advanced Drainage Systems Inc has shown fluctuations over the past five years. As of March 31, 2021, the company took an average of 48.31 days to pay its payables, which decreased to 41.71 days by March 31, 2022, indicating potentially more efficient management of its payables. Subsequently, the number of days further decreased to 39.27 days by March 31, 2023, suggesting continued improvement in the company's payables management.

However, there was a notable increase in the number of days of payables to 53.72 days by March 31, 2024, which might indicate a change in the company's payment operations or relationships with suppliers. By March 31, 2025, the number of days decreased to 43.97 days, showing a partial recovery from the significant increase in the previous year.

Overall, Advanced Drainage Systems Inc's management of payables has varied over the years, with fluctuations in the number of days required to pay its obligations. It would be important to further explore the reasons behind these fluctuations to assess the company's liquidity, cash flow management, and relationships with suppliers.