B&G Foods Inc (BGS)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 18.64 | 14.91 | 16.21 | 14.32 | 13.37 | |
| Number of days of payables | days | 19.58 | 24.49 | 22.51 | 25.48 | 27.31 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 18.64
= 19.58
B&G Foods Inc has been efficient in managing its payables over the years as indicated by the trend in the number of days of payables. In 2020, the company took approximately 27.31 days to settle its payables, which decreased to 25.48 days by the end of 2021. The trend continued to improve in the subsequent years with the number of days of payables further decreasing to 22.51 days by the end of 2022 and 24.49 days by the end of 2023. The most notable improvement was seen by the end of 2024, where B&G Foods Inc managed to settle its payables in just 19.58 days. This declining trend in the number of days of payables indicates that the company is effectively managing its accounts payable, potentially enhancing its cash flow and liquidity position.
Peer comparison
Dec 31, 2024