B&G Foods Inc (BGS)

Number of days of payables

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		14.49	10.71	14.34	15.13	16.21	9.05	11.86	12.48	14.32	8.77	14.41	13.95	13.37	8.90	12.88	14.41	12.69	8.44	13.26	12.13
Number of days of payables	days	25.20	34.08	25.45	24.13	22.51	40.34	30.76	29.26	25.48	41.64	25.33	26.17	27.31	41.01	28.35	25.34	28.76	43.26	27.52	30.08

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.49
= 25.20

The number of days of payables for B&G Foods Inc has varied over the past few quarters. The company's payables turnover ratio ranged from a low of 22.51 days to a high of 41.64 days. In the most recent quarter, the number of days of payables was 25.20 days, indicating that, on average, the company takes approximately 25 days to pay its suppliers.

It is important to note that a lower number of days of payables may indicate that the company is paying its suppliers more quickly, potentially improving relationships but also using cash more rapidly. On the other hand, a higher number of days of payables suggests that the company is taking longer to pay its suppliers, which could be a sign of liquidity management or potential financial distress.

Overall, monitoring the trend in the number of days of payables can provide insight into the company's payment practices and financial health.