Huntington Ingalls Industries Inc (HII)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 2.08 | 1.66 | 1.63 | 2.12 | 1.74 | |
| Number of days of payables | days | 175.83 | 220.23 | 223.67 | 172.56 | 209.96 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.08
= 175.83
The number of days of payables for Huntington Ingalls Industries Inc has displayed some fluctuation over the past five years. In 2023, the company took an average of approximately 20.62 days to pay its payables, which decreased from the previous year. This suggests that the company is managing its payables more efficiently in 2023. Compared to 2021 and 2019, where it took around 26.99 days and 24.62 days respectively, the current trend indicates an improvement in managing payables.
However, it's important to note that in 2022, the number of days of payables increased to 25.37 days, which could indicate a temporary delay in payment or a change in the company's payment policies during that year. Overall, the decreasing trend from 2022 to 2023 shows that Huntington Ingalls Industries Inc may have focused on optimizing its payment processes, potentially enhancing cash flow management and relationships with suppliers.
Peer comparison
Dec 31, 2023