HP Inc (HPQ)
Number of days of payables
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 3.01 | 3.31 | 3.11 | 3.14 | 3.22 | |
| Number of days of payables | days | 121.46 | 110.28 | 117.22 | 116.16 | 113.47 |
October 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.01
= 121.46
The number of days of payables for HP Inc has shown a fluctuating trend over the past five years. As of October 31, 2023, the company's number of days of payables was 121.46 days, which represents an increase compared to the previous year. This indicates that, on average, HP Inc takes approximately 121.46 days to pay off its accounts payable.
Comparing the current figure to historical data, there has been a gradual increase in the number of days of payables over the last three years. This may suggest that HP Inc is taking longer to settle its payables, potentially indicating a change in its payment practices or relationships with suppliers.
Analyzing this ratio in conjunction with other liquidity and efficiency metrics can provide further insights into HP Inc's financial management and operational performance.
Peer comparison
Oct 31, 2023