Hasbro Inc (HAS)

Payables turnover

		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	Jun 30, 2019	Mar 31, 2019
Cost of revenue (ttm)	US$ in thousands	3,509,900	2,779,900	2,921,400	2,625,700	3,028,800	4,011,800	4,068,200	4,032,700	3,995,600	2,765,346	2,749,066	2,596,858	2,771,859	2,821,513	2,709,313	2,695,292	2,356,935	2,442,463	2,442,213	2,430,055
Payables	US$ in thousands	340,600	371,400	363,400	360,100	427,300	559,500	543,800	411,700	580,200	598,200	382,400	312,100	425,500	466,200	335,200	308,500	343,927	501,136	330,053	234,262
Payables turnover		10.31	7.48	8.04	7.29	7.09	7.17	7.48	9.80	6.89	4.62	7.19	8.32	6.51	6.05	8.08	8.74	6.85	4.87	7.40	10.37

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $3,509,900K ÷ $340,600K
= 10.31

Based on the provided data, the payables turnover ratio for Hasbro, Inc. has fluctuated over the past eight quarters. The payables turnover ratio measures how efficiently a company pays its suppliers. A higher payables turnover ratio generally indicates that the company is paying its suppliers more quickly.

In the most recent quarter, Q4 2023, Hasbro's payables turnover ratio was 5.01, which was higher than the ratios from the three previous quarters. This suggests that Hasbro was paying its suppliers at a faster rate during this period. Conversely, in Q3 2022, the ratio was 3.60, indicating a slower rate of payment to suppliers at that time.

Overall, Hasbro's payables turnover ratio has shown some variability but generally remained above 4.0 over the past eight quarters, which indicates a healthy level of efficiency in managing its accounts payable. Analyzing trends in the payables turnover ratio can provide valuable insights into Hasbro's liquidity management and its relationships with suppliers.