Cintas Corporation

NASDAQ CTAS

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Cintas Corporation Accounts Payable Turnover Ratio 5 year CAGR for the quarter ending February 29, 2024: -0.07%

Cintas Corporation Accounts Payable Turnover Ratio 5 year CAGR is -0.07% for the quarter ending February 29, 2024, a 97.97% change year over year. The accounts payable turnover ratio measures the number of times a company pays off its accounts payable during a specific period. It is calculated by dividing the company's revenue by its accounts payable. This ratio indicates how efficiently a company manages its outstanding payments to suppliers and vendors. A higher turnover ratio suggests that the company is paying off its obligations quickly, while a lower ratio may indicate a slower payment process or potential liquidity issues. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Cintas Corporation Accounts Payable Turnover Ratio for the quarter ending February 28, 2023 was 7.78, a -6.78% change year over year.
Cintas Corporation Accounts Payable Turnover Ratio for the quarter ending February 28, 2022 was 8.34, a 11.64% change year over year.
Cintas Corporation Accounts Payable Turnover Ratio for the quarter ending February 28, 2021 was 7.47, a 0.37% change year over year.
Cintas Corporation Accounts Payable Turnover Ratio for the quarter ending February 29, 2020 was 7.44, a -5.06% change year over year.

NASDAQ: CTAS

Cintas Corporation

CEO	Mr. Scott D. Farmer
IPO Date	Aug. 19, 1983
Location	United States
Headquarters	6800 Cintas Boulevard, Cincinnati, OH, United States, 45262-5737
Employees	44,500
Sector	Industrials
Industry	Specialty business services

Description

Cintas Corporation provides corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms. In addition, the company offers first aid and safety services, and fire protection products and services. It provides its products and services through its distribution network and local delivery routes, or local representatives to small service and manufacturing companies, as well as major corporations. Cintas Corporation was founded in 1968 and is based in Cincinnati, Ohio. Cintas Corporation was formerly a subsidiary of Cintas Corporation.

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