Vestis (STU:6TS) Days Payable : 24.97 (As of Mar. 2024)

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What is Vestis Days Payable?

Vestis's average Accounts Payable for the three months ended in Mar. 2024 was €127 Mil. Vestis's Cost of Goods Sold for the three months ended in Mar. 2024 was €464 Mil. Hence, Vestis's Days Payable for the three months ended in Mar. 2024 was 24.97.

The historical rank and industry rank for Vestis's Days Payable or its related term are showing as below:

STU:6TS' s Days Payable Range Over the Past 10 Years
Min: 26.56 Med: 27.94 Max: 28.72
Current: 26.56

During the past 4 years, Vestis's highest Days Payable was 28.72. The lowest was 26.56. And the median was 27.94.

STU:6TS's Days Payable is ranked worse than
70.67% of 924 companies
in the Business Services industry
Industry Median: 47.74 vs STU:6TS: 26.56

Vestis's Days Payable declined from Mar. 2023 (30.04) to Mar. 2024 (24.97). It may suggest that Vestis accelerated paying its suppliers.

Vestis Days Payable Historical Data

The historical data trend for Vestis's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Vestis Days Payable Chart

Vestis Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Days Payable

27.57

26.70

29.15

Vestis Quarterly Data
	Sep20	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial						30.04	29.36	25.86	24.29	24.97

Competitive Comparison of Vestis's Days Payable

For the Rental & Leasing Services subindustry, Vestis's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Vestis's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Vestis's Days Payable distribution charts can be found below:

* The bar in red indicates where Vestis's Days Payable falls into.

Vestis Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Vestis's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (168.796	+	126.025)	/	2 )	/	1846.091	*	365
=	147.4105					/	1846.091	*	365
=	29.15

Vestis's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (119.211	+	134.806)	/	2 )	/	464.064	*	365 / 4
=	127.0085					/	464.064	*	365 / 4
=	24.97

Vestis Days Payable Related Terms

Thank you for viewing the detailed overview of Vestis's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Vestis (STU:6TS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Vestis Corp (STU:6TS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

VSTS:USA

Address

500 Colonial Center Parkway, Suite 140, Roswell, GA, USA, 30076

Website

https://www.aramarkuniform.com

Vestis Corp is a provider of uniform rentals and workplace supplies across the United States and Canada. It provides uniforms, mats, towels, linens, restroom supplies, first-aid supplies, safety products, and other workplace supplies. The Company serves customers ranging from small, family-owned operations with a single location to large corporations and national franchises with multiple locations. The company operates in the United States and Canada as reportable segments. The company earns the majority of its revenue from the United States.

Vestis (STU:6TS) Headlines

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