Huntington Ingalls Industries Inc (HII)
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 | 1.96 | 1.90 | 1.94 | 1.97 | 1.55 | 1.90 | 1.95 | 1.87 | 1.63 | 1.88 | 2.70 | 2.40 | 2.09 | 2.22 | 2.15 | 1.69 | 1.74 | 1.41 | 1.41 | 3.97 | |
| Number of days of payables | days | 186.20 | 192.58 | 188.49 | 185.44 | 235.74 | 192.31 | 187.65 | 195.24 | 223.67 | 194.16 | 135.23 | 151.89 | 174.90 | 164.14 | 169.69 | 215.70 | 209.96 | 258.73 | 259.63 | 91.84 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.96
= 186.20
Huntington Ingalls Industries Inc's number of days of payables has generally remained stable in the recent quarters, ranging from 19.75 days to 25.37 days. The company took an average of around 20 to 25 days to pay off its accounts payable over the past eight quarters. This indicates that Huntington Ingalls Industries Inc has been effective in managing its payables within a reasonable timeframe. It is important to note that a consistent or decreasing trend in days of payables can suggest efficient cash flow management and good relationships with suppliers.
Peer comparison
Dec 31, 2023
Company name
Symbol
Number of days of payables
Huntington Ingalls Industries Inc
HII
186.20
General Dynamics Corporation
GD
102.62