Woodward Inc (WWD)

To analyze Woodward Inc's number of days of payables, we can see a trend over the past five years. The number of days of payables indicates the average number of days a company takes to pay its suppliers. A lower number of days implies that the company is paying its suppliers more quickly, while a higher number of days suggests that the company is taking longer to pay its suppliers.

Comparing the data from Sep 30, 2019 to the latest data of Sep 30, 2023, we observe that the number of days of payables increased from 40.03 days to 38.23 days. This decrease indicates that Woodward Inc is taking slightly less time to pay its suppliers compared to the previous year.

However, it's essential to consider the industry standards and the company's internal policies when interpreting this ratio. A significant deviation from industry norms or sudden changes in the number of days of payables could signal potential financial distress or aggressive working capital management strategies.

In summary, Woodward Inc's number of days of payables has decreased slightly over the past year, showing a favorable trend in managing its supplier payments efficiently.