The Hain Celestial Group Inc (HAIN)

Payables turnover

		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
Cost of revenue (ttm)	US$ in thousands	1,825,329	1,876,491	1,990,128	1,927,504	1,909,164	1,884,159	1,758,019	1,774,320	1,776,938	1,734,829	1,707,207	1,775,851	1,844,023	1,449,235	1,533,409	1,508,132	1,480,313	1,488,614	1,532,035	1,625,137
Payables	US$ in thousands	188,220	179,068	169,054	142,291	134,780	146,340	153,677	157,916	174,765	176,699	179,808	172,733	171,947	210,223	216,782	184,997	171,009	181,783	187,376	189,441
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

June 30, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,825,329K ÷ $188,220K
= 9.70

The payables turnover ratio for The Hain Celestial Group Inc has been fluctuating over the past few quarters, ranging from a low of 6.89 to a high of 14.17. The ratio indicates the number of times a company pays off its accounts payable during a period.

A higher payables turnover ratio suggests that the company is managing its accounts payable efficiently and paying its suppliers more frequently. This may indicate good relationships with suppliers or effective working capital management.

Conversely, a lower payables turnover ratio may imply that the company is taking longer to pay its bills, potentially leading to strained supplier relationships or missed opportunities for early payment discounts.

Overall, the trend in The Hain Celestial Group Inc's payables turnover ratio shows some variability, and further analysis would be necessary to understand the specific factors influencing these fluctuations and their potential impact on the company's financial health and supplier relationships.