HP Inc (HPQ)
Number of days of payables
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 3.13 | 3.01 | 3.08 | 3.37 | 3.56 | 3.31 | 3.35 | 3.06 | 2.84 | 3.11 | 3.10 | 3.23 | 3.13 | 3.14 | 3.23 | 3.23 | 3.69 | 3.22 | 3.26 | 3.47 | |
| Number of days of payables | days | 116.59 | 121.46 | 118.61 | 108.37 | 102.67 | 110.28 | 108.99 | 119.14 | 128.44 | 117.22 | 117.85 | 112.88 | 116.73 | 116.16 | 113.02 | 112.87 | 98.97 | 113.47 | 111.92 | 105.30 |
January 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.13
= 116.59
The number of days of payables for HP Inc has shown some fluctuations over the past eight quarters. In Q1 2024, the number of days of payables was 116.61 days, indicating that, on average, it takes them approximately 116.61 days to pay their suppliers. This was a slight decrease from Q4 2023 when it was 121.46 days. Compared to the same quarter in the previous year, Q1 2023, there has been an increase in the number of days of payables, suggesting that HP Inc is taking longer to pay its suppliers.
Overall, HP Inc's number of days of payables has been relatively stable, hovering around the 110-120 day range over the past eight quarters. This could indicate that the company has a consistent approach to managing its accounts payable and supplier relationships. However, a closer look at the trend and industry benchmarks would provide a more comprehensive understanding of HP Inc's payables management efficiency.
Peer comparison
Jan 31, 2024