Hasbro Inc (HAS)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 4,888,900 | 4,457,200 | 4,097,400 | 4,016,850 | 3,375,950 |
| Payables | US$ in thousands | 340,600 | 427,300 | 580,200 | 425,500 | 343,927 |
| Payables turnover | 14.35 | 10.43 | 7.06 | 9.44 | 9.82 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $4,888,900K ÷ $340,600K
= 14.35
The payables turnover ratio measures how efficiently a company pays its suppliers. It indicates the number of times a company pays off its accounts payable during a specific period.
Based on the data provided:
- In 2023, Hasbro, Inc. had a payables turnover of 5.01, suggesting that the company paid its suppliers approximately 5 times during the year. This represents an improvement from the prior year.
- In 2022, the payables turnover was 4.47, indicating a slightly lower turnover compared to 2023 but still reflecting efficient management of payables.
- In 2021, the payables turnover was 3.32, showing a significant increase in payables turnover compared to the previous year, which may suggest that the company was managing its payables more efficiently.
- In 2020 and 2019, the payables turnover ratios were 4.04 and 5.26, respectively. These ratios indicate that the company paid its suppliers around 4 to 5 times during those years.
Overall, Hasbro, Inc. has shown varying levels of payables turnover over the past five years, with fluctuations in efficiency in managing its accounts payable. The increasing trend from 2021 to 2023 suggests potential improvements in the company's payables management, contributing to better liquidity and supplier relationships.