HNI Corp (HNI)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 12.24 | 12.14 | 13.69 | 9.01 | 9.97 | |
| Number of days of payables | days | 29.82 | 30.06 | 26.66 | 40.53 | 36.62 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.24
= 29.82
The number of days of payables for HNI Corp has shown fluctuations over the past five years. In December 2020, the company took approximately 36.62 days to pay its suppliers, which increased to 40.53 days by December 2021. However, there was a significant decrease in the number of days of payables to 26.66 days by December 2022, indicating a more efficient payment cycle. This trend continued with slight increases in the following years, reaching 30.06 days by December 2023, and 29.82 days by December 2024. Overall, HNI Corp has managed its payables effectively, with fluctuations reflecting changes in its working capital management strategies.