HP Inc (HPQ)
Number of days of payables
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 2.47 | 3.01 | 3.31 | 3.11 | 3.14 | |
| Number of days of payables | days | 147.81 | 121.46 | 110.28 | 117.22 | 116.16 |
October 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.47
= 147.81
The number of days of payables for HP Inc has shown a fluctuating trend over the past five years. In the most recent fiscal year ending on October 31, 2024, the company took on average approximately 147.81 days to pay its outstanding payables, representing a significant increase compared to the previous year.
The number of days of payables had decreased in the fiscal year 2023 to 121.46 days, after a slight rise in the preceding year. In the fiscal year 2022, HP Inc had managed to further reduce its payment period to around 110.28 days, marking an improvement from the fiscal year 2021 when the company needed 117.22 days on average to settle its payables. The trend remained relatively stable in the fiscal year 2020, with 116.16 days recorded as the average number of days of payables.
Overall, it is essential to monitor HP Inc's management of its payables closely to ensure efficient cash flow management and supplier relationships. The increase in the number of days of payables in the most recent fiscal year warrants further investigation to understand the factors behind this change and its potential impact on the company's financial health.
Peer comparison
Oct 31, 2024