The Hain Celestial Group Inc (HAIN)
Payables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,825,330 | 1,909,160 | 1,776,940 | 1,844,020 | 1,950,830 |
| Payables | US$ in thousands | 188,220 | 134,780 | 174,765 | 171,947 | 171,009 |
| Payables turnover | 9.70 | 14.17 | 10.17 | 10.72 | 11.41 |
June 30, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,825,330K ÷ $188,220K
= 9.70
The payables turnover ratio for The Hain Celestial Group Inc has varied over the past five years. In particular, the ratio decreased from 14.17 in 2023 to 9.70 in 2024, indicating that the company took longer to pay its suppliers in 2024 compared to the previous year.
Despite the decrease in 2024, the payables turnover ratio remains relatively high, suggesting that the company is efficient in managing its accounts payable and settling its obligations with suppliers. However, it is important to note that a high payables turnover ratio could potentially indicate that the company is not taking full advantage of credit terms offered by suppliers.
Overall, monitoring the trend of the payables turnover ratio can provide valuable insights into the company's liquidity management and its relationships with suppliers.
Peer comparison
Jun 30, 2024