Haynes International Inc (HAYN)
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 | 544,026 | 529,519 | 510,168 | 489,249 | 460,092 | 432,512 | 397,895 | 374,959 | 354,466 | 342,372 | 336,667 | 338,507 | 356,665 | 377,002 | 412,832 | 443,805 | 464,101 | 469,692 | 466,921 | 461,690 |
| Payables | US$ in thousands | 46,830 | 52,812 | 56,145 | 51,167 | 63,255 | 54,886 | 66,437 | 50,046 | 39,809 | 47,680 | 31,488 | 23,689 | 18,063 | 17,555 | 19,986 | 28,310 | 40,197 | 34,497 | 43,040 | 40,823 |
| 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 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $544,026K ÷ $46,830K
= 11.62
To analyze Haynes International Inc.'s payables turnover, we calculated the payables turnover ratio using data from the table. The payables turnover ratio measures how efficiently a company manages its payables by showing how many times during a period its payables are paid off.
Haynes International Inc.'s payables turnover ratio has shown some fluctuation over the past eight quarters. It increased from 6.52 in Q1 2023 to a peak of 10.53 in Q1 2024, indicating an improvement in the company's ability to pay off its payables quickly.
However, it is noteworthy that the payables turnover ratio decreased in Q4 2023 from the previous quarter. Although it recovered in Q1 2024, this fluctuation suggests some variability in the company's payables management efficiency.
Overall, Haynes International Inc. has shown a generally increasing trend in its payables turnover ratio, which suggests improved management of payables over time. It is important for the company to maintain this positive momentum to ensure efficient working capital management and strong relationships with its suppliers.
Peer comparison
Dec 31, 2023