Hanesbrands Inc (HBI)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.43 | 6.37 | 5.17 | 6.97 | 6.52 | |
| Number of days of payables | days | 49.14 | 57.29 | 70.62 | 52.38 | 55.95 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.43
= 49.14
The number of days of payables for Hanesbrands Inc has fluctuated over the past five years. In 2023, the company took approximately 49.14 days to pay its suppliers, which is a decrease from the previous year. This suggests that the company may be managing its payables more efficiently.
In 2022, the number of days of payables was 57.29 days, indicating that the company took longer to settle its payables compared to 2023. This could imply a change in the company's payment policies or cash flow management.
The highest number of days of payables was recorded in 2021 at 70.62 days, which may indicate a delay in settling supplier obligations or an extension of payment terms during that period.
In 2020 and 2019, the number of days of payables were 52.38 days and 55.95 days respectively, showing relatively consistent payment patterns during those years.
Overall, the trend in the number of days of payables for Hanesbrands Inc suggests some variability in the company's payment practices and cash flow management over the five-year period.