Haynes International Inc (HAYN)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 11.62 | 10.03 | 9.09 | 9.56 | 7.27 | 7.88 | 5.99 | 7.49 | 8.90 | 7.18 | 10.69 | 14.29 | 19.75 | 21.48 | 20.66 | 15.68 | 11.55 | 13.62 | 10.85 | 11.31 | |
| Number of days of payables | days | 31.42 | 36.40 | 40.17 | 38.17 | 50.18 | 46.32 | 60.94 | 48.72 | 40.99 | 50.83 | 34.14 | 25.54 | 18.49 | 17.00 | 17.67 | 23.28 | 31.61 | 26.81 | 33.65 | 32.27 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.62
= 31.42
The number of days of payables for Haynes International Inc. has shown some fluctuations over the past eight quarters. In Q1 2024, the company had 34.66 days of payables, representing a decrease from the previous quarter. This potentially indicates that the company was able to manage its payables more efficiently during this period.
Comparing to Q4 2023, where the number of days of payables was 40.14 days, there was a decrease in the number of days it takes for the company to pay its outstanding obligations to suppliers. This improvement could suggest a more efficient management of cash flow or negotiations with suppliers in Q1 2024.
Furthermore, looking back at Q3 2023 and Q2 2023, the number of days of payables were 44.43 days and 42.41 days respectively. It is notable that in Q1 2024, the company's payables turnover improved from these two quarters, indicating a potential positive trend in managing its payables.
However, it is important to note that although there was an improvement in Q1 2024 compared to some previous quarters, the number of days of payables is still subject to fluctuations. The company should continue to monitor and optimize its payable processes to maintain efficient working capital management.
Peer comparison
Dec 31, 2023