Harley-Davidson Inc (HOG)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 13.84 | 12.44 | 12.04 | 13.90 | 16.33 | |
| Number of days of payables | days | 26.38 | 29.35 | 30.33 | 26.25 | 22.36 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.84
= 26.38
The number of days of payables for Harley-Davidson, Inc. has been fluctuating over the past five years. In 2023, the company took approximately 35.91 days on average to pay its suppliers, which is a decrease from 2022 when it took about 38.88 days. This indicates that in 2023, Harley-Davidson managed its payables more efficiently compared to the previous year.
Looking back further, in 2021 and 2020, the number of days of payables were 41.88 days and 40.56 days respectively, showing a slight decrease in 2020. In contrast, in 2019, the company's number of days of payables was notably lower at 31.94 days, suggesting that the company was more prompt in paying its obligations to suppliers that year.
Overall, the trend in the number of days of payables for Harley-Davidson, Inc. has shown some variability, but the company seems to have made some improvements in managing its payables more efficiently in recent years.
Peer comparison
Dec 31, 2023