Huntington Ingalls Industries Inc (HII)
Number of days of payables
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 1.72 | 1.92 | 1.70 | 1.80 | 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 | |
| Number of days of payables | days | 212.53 | 190.56 | 214.40 | 203.04 | 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 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.72
= 212.53
Huntington Ingalls Industries Inc's number of days of payables has shown fluctuations over the years. From March 31, 2020, to December 31, 2024, the days of payables ranged from a low of 135.23 days to a high of 235.74 days. A lower number of days of payables indicates that the company takes less time to pay off its trade payables, which can imply strong liquidity management or good relationships with suppliers. Conversely, a higher number of days of payables may suggest a delay in payment to suppliers, possibly due to cash flow constraints or inefficiencies in the accounts payable process.
It's important to carefully analyze the trend in the number of days of payables over time to understand the company's payment practices and financial health. Additionally, comparing this metric with industry peers can provide further insights into Huntington Ingalls Industries Inc's efficiency in managing its payables.
Peer comparison
Dec 31, 2024