Haynes International Inc (HAYN)

The payables turnover ratio measures how efficiently a company is managing its payables by comparing the cost of goods sold to its accounts payable. Haynes International Inc.'s payables turnover has fluctuated over the past five years, reflecting changes in its payment practices and relationships with suppliers.

In 2023, the payables turnover ratio increased to 9.09, indicating that the company was able to settle its accounts payable more frequently during the year compared to the previous year. This can be a positive sign, as it suggests that the company is managing its payables more efficiently.

In 2022, the payables turnover ratio was 7.00, which was a slight decrease from the previous year. This may indicate that the company took longer to pay off its suppliers, possibly due to changes in its payment terms or cash flow constraints.

In 2021, the payables turnover ratio was 6.25, showing a moderate increase compared to the previous year. This improvement suggests that the company was able to enhance its payables management and settle its accounts payable more frequently.

In 2020, the payables turnover ratio significantly decreased to 19.13, which could be interpreted as a positive signal, indicating that the company was able to manage its payables extremely efficiently during that period, possibly through negotiating better payment terms with suppliers or streamlining its payment processes.

In 2019, the payables turnover was 12.31, indicating that the company was settling its accounts payable at a slightly higher rate than in 2021 and 2022 but lower than in 2020.

Overall, the fluctuations in Haynes International Inc.'s payables turnover ratio suggest changes in the company's management of its accounts payable and its relationships with suppliers over the past five years.

Peer comparison

Sep 30, 2023