Hillenbrand Inc (HI)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 4.78 | 4.16 | 4.18 | 4.18 | 6.27 | |
| Number of days of payables | days | 76.35 | 87.76 | 87.28 | 87.39 | 58.19 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.78
= 76.35
The number of days of payables for Hillenbrand Inc has been relatively stable over the past five years, ranging from 58.19 days in 2020 to 87.76 days in 2023. In the most recent fiscal year, ending September 30, 2024, the number of days of payables decreased to 76.35 days.
A decrease in the number of days of payables indicates that the company is taking less time to pay its suppliers, which could suggest improved liquidity or better negotiation terms with vendors. However, it's important to consider the reasons behind this reduction and whether it aligns with the company's overall financial strategy.
Overall, the trend in Hillenbrand Inc's number of days of payables over the past five years indicates some fluctuation but generally shows a reasonable management of its accounts payable. This metric is significant as it provides insights into the company's liquidity position and efficiency in managing its payable obligations.
Peer comparison
Sep 30, 2024