Haynes International Inc (HAYN)
Number of days of payables
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 10.03 | 7.88 | 7.18 | 21.48 | 13.62 | |
| Number of days of payables | days | 36.40 | 46.31 | 50.83 | 17.00 | 26.81 |
September 30, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.03
= 36.40
The number of days of payables measures the average number of days it takes for a company to pay its trade payables. A lower number of days indicates faster payment of suppliers, while a higher number of days suggests a longer payment period.
Haynes International Inc.'s number of days of payables has fluctuated over the past five years. In 2023, the number of days of payables decreased to 40.14 days from 52.15 days in 2022. This decrease indicates that the company took fewer days, on average, to pay its trade payables in 2023 compared to 2022.
Comparing to the earlier years, there was a notable increase in the number of days of payables from 2020 to 2021, followed by a decrease in 2022 and 2023. This could indicate changes in the company's payment policies or the management of its trade payables.
It's important for stakeholders to monitor this trend, as a significant increase in the number of days of payables could signal potential liquidity issues or strained supplier relationships, while a significant decrease may indicate improved cash flow management. Further analysis of the company's financial and operational strategies would be necessary to fully understand the reasons behind these changes.
Peer comparison
Sep 30, 2023