Hanesbrands Inc (HBI)
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 | 6.73 | 6.54 | 5.48 | 5.43 | 6.23 | 5.22 | 4.79 | 5.06 | 5.08 | 5.37 | 5.76 | 6.88 | 7.33 | 5.47 | 5.37 | 6.27 | 5.39 | 4.74 | 4.14 | 4.19 | |
| Number of days of payables | days | 54.23 | 55.79 | 66.62 | 67.16 | 58.58 | 69.94 | 76.20 | 72.13 | 71.87 | 67.97 | 63.39 | 53.07 | 49.83 | 66.72 | 67.93 | 58.19 | 67.75 | 77.05 | 88.10 | 87.03 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.73
= 54.23
Hanesbrands Inc's number of days of payables have shown fluctuations over the past few quarters. The company's average number of days to pay its payables was around 63 days in the most recent quarter, which is a slight increase from the previous quarter. This indicates that Hanesbrands takes approximately two months to pay its suppliers and creditors on average.
Historically, the number of days of payables has ranged from around 49 days to 88 days over the past five years, showing some volatility in the company's payment practices. It is important for investors and analysts to monitor this ratio to understand the company's relationship with its suppliers and its working capital management.
Overall, the trend in Hanesbrands Inc's number of days of payables suggests that the company has been managing its payment obligations reasonably well, but continued monitoring is warranted to ensure sustainable liquidity and efficient operations.