Hasbro Inc (HAS)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 14.35 | 10.43 | 7.06 | 9.44 | 9.82 | |
| Number of days of payables | days | 25.43 | 34.99 | 51.68 | 38.66 | 37.18 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.35
= 25.43
The number of days of payables for Hasbro, Inc. has shown some fluctuation over the past five years. In 2023, the number of days of payables decreased to 72.87 days from 81.58 days in 2022. This indicates that the company took fewer days to pay its suppliers in 2023 compared to the previous year, potentially reflecting improved efficiency in managing its payables.
Comparing 2023 to 2021 and 2020, the number of days of payables also decreased significantly. This suggests that Hasbro, Inc. has been managing its payables more effectively in recent years, possibly negotiating better payment terms with suppliers or streamlining its payment processes.
However, it is worth noting that the number of days of payables in 2023 was higher than in 2019 when it stood at 69.44 days. This indicates that Hasbro, Inc. took longer to pay its suppliers in 2023 compared to 2019.
Overall, the trend in the number of days of payables for Hasbro, Inc. shows some variation but generally suggests a trend towards more efficient management of payables in recent years.