The Hain Celestial Group Inc (HAIN)

Number of days of payables

		Jun 30, 2024	Mar 31, 2024	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
Payables turnover		9.70	10.48	11.77	13.55	14.17	12.88	11.44	11.24	10.17	9.82	9.49	10.28	10.72	6.89	7.07	8.15	8.66	8.19	8.18	8.58
Number of days of payables	days	37.64	34.83	31.01	26.94	25.77	28.35	31.91	32.49	35.90	37.18	38.44	35.50	34.03	52.95	51.60	44.77	42.17	44.57	44.64	42.55

June 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.70
= 37.64

The number of days of payables for The Hain Celestial Group Inc has shown fluctuations over the past few quarters. The trend indicates variability in the company's ability to pay its creditors within a certain timeframe.

The number of days of payables has decreased from 42.55 days as of March 31, 2021, to 37.64 days as of June 30, 2024. This signifies that the company took fewer days to settle its payables at the most recent period.

It is worth noting that there have been fluctuations in this metric throughout the periods analyzed, with an overall decreasing trend observed in the most recent quarters. This could suggest improved efficiency in managing the company's payable obligations, potentially leading to better cash flow management and financial health.

Furthermore, a lower number of days of payables indicates that the company is able to negotiate better credit terms with its suppliers or is managing its working capital more effectively. However, it is important to continue monitoring this ratio to ensure the company's ability to meet its obligations in a timely manner while maintaining good relationships with its suppliers.