Harley-Davidson Inc (HOG)
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 | 13.84 | 13.03 | 13.76 | 12.15 | 12.44 | 10.79 | 11.00 | 9.73 | 12.04 | 11.34 | 9.75 | 9.76 | 13.90 | 14.73 | 13.81 | 14.34 | 16.33 | 14.01 | 15.11 | 12.90 | |
| Number of days of payables | days | 26.38 | 28.02 | 26.52 | 30.03 | 29.35 | 33.83 | 33.19 | 37.50 | 30.33 | 32.19 | 37.44 | 37.40 | 26.25 | 24.77 | 26.43 | 25.46 | 22.36 | 26.05 | 24.16 | 28.29 |
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 shown a decreasing trend over the past four quarters. In Q4 2023, the company took approximately 35.91 days to pay its creditors, which is lower compared to the previous quarters. This improvement indicates that Harley-Davidson has been managing its accounts payable more efficiently. It suggests that the company may be negotiating better payment terms with suppliers or streamlining its processes for paying invoices. Overall, a lower number of days of payables is generally viewed positively as it signifies effective cash flow management and potentially stronger relationships with vendors.
Peer comparison
Dec 31, 2023