Woodward Inc (WWD)
Number of days of payables
| 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 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 9.72 | 10.66 | 10.41 | 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 | |
| Number of days of payables | days | 37.57 | 34.23 | 35.05 | 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 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.72
= 37.57
Woodward Inc's number of days of payables has shown some fluctuations over the past few years. The company took, on average, around 37.57 days to pay its suppliers as of September 30, 2024. This figure was higher compared to the previous quarter, indicating a slight increase in the number of days it takes for the company to settle its payables.
Looking further back, we see that the number of days of payables has ranged from a low of 22.55 days on December 31, 2020, to a high of 42.71 days on June 30, 2022. Generally, Woodward Inc's payment cycle has been relatively stable, with some seasonal variations. A lower number of days of payables suggests the company is paying its suppliers more quickly, while a higher number indicates a longer payment period.
The trend in Woodward Inc's number of days of payables should be monitored closely as it can provide insights into the company's liquidity management practices and relationships with suppliers.