HP Inc (HPQ)
Number of days of payables
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 2.47 | 2.69 | 2.87 | 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 | |
| Number of days of payables | days | 147.81 | 135.80 | 126.99 | 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 |
October 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.47
= 147.81
HP Inc's number of days of payables has shown variability over the past few years. The trend indicates that the company takes an average of around 115 days to pay its creditors. There was a noticeable increase in the number of days of payables from January 2021 to October 2021, peaking at 128.44 days, before decreasing again. The latest data as of October 2024 shows an increase to 147.81 days, which suggests that HP Inc is taking longer to pay its suppliers compared to the previous quarter. Overall, it is important for investors and analysts to continue monitoring this metric to assess the company's liquidity and vendor management practices.
Peer comparison
Oct 31, 2024