Hillenbrand Inc (HI)
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 | 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 | 5.18 | 5.24 | 5.59 | |
| Number of days of payables | days | 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 | 70.42 | 69.67 | 65.33 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.62
= 79.05
Hillenbrand Inc's number of days of payables has exhibited some fluctuations over the past eight quarters. In Q4 2023, the number of days of payables was at 87.76 days, which was higher compared to the previous quarter at 78.79 days in Q1 2024. This indicates that the company took longer to pay its suppliers in Q4 2023.
Overall, the number of days of payables has been relatively stable, hovering around the high 70s to low 80s range over the period analyzed. This suggests that Hillenbrand Inc has been managing its payables effectively, neither excessively delaying payments nor paying too quickly. This stability in the number of days of payables may indicate consistent and sustainable relationships with suppliers.
Analyzing the trend over time can provide insights into the company's liquidity management and working capital practices. By closely monitoring and potentially optimizing the number of days of payables, Hillenbrand Inc can continue to strengthen its financial position and enhance its overall operational efficiency.
Peer comparison
Dec 31, 2023