HNI Corp (HNI)
Number of days of payables
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 12.65 | — | — | 12.14 | — | — | — | 13.69 | — | — | — | 9.01 | — | — | — | 9.97 | — | — | — | 9.24 | |
| Number of days of payables | days | 28.84 | — | — | 30.06 | — | — | — | 26.66 | — | — | — | 40.53 | — | — | — | 36.62 | — | — | — | 39.52 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.65
= 28.84
The analysis of HNI Corp's number of days of payables shows fluctuations over the years. It started at 39.52 days as of December 31, 2019, and remained steady until December 31, 2020, at 36.62 days. There was a slight increase to 40.53 days by the end of December 31, 2021, indicating a possible extension in the time taken to pay off its payables.
However, there was a significant improvement by the end of December 31, 2022, with the number of days of payables decreasing to 26.66 days, suggesting a more efficient management of payables. This was maintained at 30.06 days by the end of December 31, 2023.
Overall, the trend in HNI Corp's number of days of payables indicates variability in its payment behavior, with periods of stability and improvement, depicting the company's ability to manage its payables efficiently over the years.