Woodward Inc (WWD)
Number of days of payables
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 10.48 | 10.91 | 11.00 | 10.52 | 9.90 | 9.10 | 10.37 | 10.46 | 11.78 | 11.30 | 11.65 | 11.69 | 12.59 | 16.19 | 10.72 | 8.55 | 8.82 | 7.68 | 10.10 | 8.94 | |
| Number of days of payables | days | 34.82 | 33.46 | 33.19 | 34.68 | 36.88 | 40.12 | 35.19 | 34.91 | 30.98 | 32.30 | 31.33 | 31.23 | 28.99 | 22.55 | 34.06 | 42.71 | 41.40 | 47.52 | 36.14 | 40.82 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.48
= 34.82
Woodward Inc's number of days of payables has shown some fluctuations over the past eight quarters. In Q1 2024, the number of days of payables was 39.75 days, slightly higher than the previous quarter's value of 38.23 days in Q4 2023. The trend over the past few quarters indicates a relatively stable range, with the number of days of payables ranging between 37.83 days and 45.30 days.
Overall, Woodward Inc's number of days of payables has been within a moderate range, which suggests that the company is managing its payables effectively. However, it is important to monitor any significant deviations from this range in the future to assess the impact on the company's liquidity and working capital management.