Hillenbrand Inc (HI)
Number of days of payables
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 4.78 | 4.66 | 4.47 | 4.62 | 4.14 | 4.42 | 4.11 | 4.06 | 4.18 | 2.88 | 3.14 | 3.71 | 4.18 | 5.61 | 6.05 | 6.41 | 6.27 | 5.93 | 4.93 | 3.77 | |
| Number of days of payables | days | 76.35 | 78.25 | 81.69 | 79.05 | 88.06 | 82.60 | 88.84 | 89.95 | 87.28 | 126.57 | 116.21 | 98.37 | 87.39 | 65.07 | 60.31 | 56.97 | 58.19 | 61.60 | 74.09 | 96.79 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.78
= 76.35
Hillenbrand Inc's number of days of payables has fluctuated over the past five years. The company's payables turnover period ranged from a low of 56.97 days on March 31, 2021, to a high of 126.57 days on June 30, 2022.
In recent quarters, there has been some volatility in the number of days of payables, with slight increases and decreases observed. As of September 30, 2024, Hillenbrand Inc's number of days of payables was 76.35 days, showing a slight decrease from the previous quarter.
Overall, Hillenbrand Inc's number of days of payables indicates the average number of days it takes the company to pay its trade payables. The trend in this ratio provides insights into the company's efficiency in managing its payables and cash flow position. Further analysis and comparison with industry benchmarks may help in assessing the effectiveness of Hillenbrand Inc's payables management.
Peer comparison
Sep 30, 2024