Advanced Drainage Systems Inc (WMS)
Number of days of payables
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 8.30 | 9.97 | 6.54 | 6.71 | 6.79 | 8.28 | 7.83 | 8.94 | 9.29 | 11.75 | 8.96 | 7.51 | 8.75 | 9.20 | 6.25 | 6.28 | 7.56 | 11.43 | 10.44 | 12.43 | |
| Number of days of payables | days | 43.97 | 36.60 | 55.79 | 54.41 | 53.72 | 44.07 | 46.61 | 40.84 | 39.27 | 31.07 | 40.72 | 48.59 | 41.71 | 39.69 | 58.44 | 58.09 | 48.31 | 31.95 | 34.96 | 29.36 |
March 31, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.30
= 43.97
The number of days of payables for Advanced Drainage Systems Inc has shown fluctuation over the analyzed periods. Starting at approximately 29 days in June 2020, the days of payables increased to around 58 days by June 2021 and remained at a similar level until September 2021. There was a slight decrease to about 39 days by December 2021 before increasing to around 48 days by June 2022. The days of payables then fluctuated between 31 and 55 days until March 2024, where it peaked at approximately 54 days.
This metric reflects the average number of days a company takes to pay its suppliers or trade creditors. A higher number of days of payables may suggest either less efficient payment management or potentially strained relationships with suppliers. Conversely, a lower number may imply a more effective working capital management or favorable terms with suppliers.
Overall, Advanced Drainage Systems Inc's number of days of payables has exhibited variability, indicating fluctuations in its payment practices and potential impact on cash flows and supplier relationships. It would be important for stakeholders to monitor this metric to assess the company's financial health and liquidity position.