Hillenbrand Inc (HI)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,126,300 | 2,072,400 | 2,021,900 | 1,948,900 | 1,871,400 | 1,777,700 | 1,696,800 | 1,612,200 | 1,551,500 | 1,265,100 | 1,345,500 | 1,444,900 | 1,509,100 | 1,847,100 | 1,778,100 | 1,756,900 | 1,703,700 | 1,569,600 | 1,467,600 | 1,316,100 |
| Payables | US$ in thousands | 444,800 | 444,300 | 452,500 | 422,100 | 451,500 | 402,300 | 413,000 | 397,300 | 371,000 | 438,700 | 428,400 | 389,400 | 361,300 | 329,300 | 293,800 | 274,200 | 271,600 | 264,900 | 297,900 | 349,000 |
| 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 |
September 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,126,300K ÷ $444,800K
= 4.78
The payables turnover for Hillenbrand Inc has fluctuated over the past several quarters. The payables turnover ratio indicates how efficiently the company is managing its accounts payable by paying off its suppliers.
From the data provided, we can observe that the payables turnover ratio has generally been above 4, indicating that Hillenbrand Inc is efficiently managing its payables turnover. However, there have been fluctuations in the ratio over the period, with some quarters showing higher ratios than others.
In the most recent quarter, the payables turnover ratio was 4.78, which is relatively high compared to the previous quarters. This suggests that Hillenbrand Inc is paying off its suppliers more frequently within the year, potentially managing its working capital effectively.
Overall, it is essential for Hillenbrand Inc to monitor its payables turnover ratio consistently to ensure that it remains efficient in managing its accounts payable and maintaining good relationships with its suppliers.
Peer comparison
Sep 30, 2024