Hillenbrand Inc (HI)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | 1,184,300 | 1,176,100 | 1,160,400 |
| Payables | US$ in thousands | 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 | 228,500 | 224,500 | 207,700 |
| 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 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,948,900K ÷ $422,100K
= 4.62
Hillenbrand Inc's payables turnover ratio has been relatively stable over the past eight quarters, ranging from 4.16 to 4.88. This ratio indicates the efficiency with which the company pays its suppliers. A higher turnover ratio typically indicates that the company is effectively managing its accounts payable by paying off its obligations more frequently.
Based on the data, we can observe that in Q1 2023 and Q4 2022, Hillenbrand Inc had the highest payables turnover ratios of 4.88 and 4.59, respectively. This suggests that the company may have been more efficient in managing its payables during those periods. On the other hand, in Q4 2023, the payables turnover ratio decreased to 4.16, which could indicate a potential delay in paying off suppliers during that quarter.
Overall, Hillenbrand Inc's payables turnover ratios are within a relatively narrow range, indicating consistent management of accounts payable. Further analysis and comparison with industry peers would provide a clearer understanding of the company's payment practices and efficiency in managing supplier obligations.
Peer comparison
Dec 31, 2023