B&G Foods Inc (BGS)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 14.91 | 16.21 | 14.32 | 13.37 | 12.69 | |
| Number of days of payables | days | 24.49 | 22.51 | 25.48 | 27.31 | 28.75 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.91
= 24.49
The number of days of payables for B&G Foods Inc has shown a decreasing trend over the past five years, indicating that the company is taking fewer days to pay its suppliers. In 2023, B&G Foods Inc had 24.49 days of payables, which was lower compared to 22.51 days in 2022, 25.48 days in 2021, 27.31 days in 2020, and 28.75 days in 2019. This trend suggests that the company is managing its accounts payable more efficiently, potentially improving its cash flow position by extending payment terms with suppliers. However, it is important to note that a significant decrease in the number of days of payables may also signal potential strained relationships with suppliers or a lack of bargaining power.
Peer comparison
Dec 31, 2023