Heidrick & Struggles International (HSII)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 42.97 | 45.10 | 59.82 | 41.98 | 74.76 | |
| Number of days of payables | days | 8.49 | 8.09 | 6.10 | 8.69 | 4.88 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 42.97
= 8.49
Based on the provided data, Heidrick & Struggles International's number of days of payables has fluctuated over the years as follows:
- December 31, 2020: 4.88 days
- December 31, 2021: 8.69 days
- December 31, 2022: 6.10 days
- December 31, 2023: 8.09 days
- December 31, 2024: 8.49 days
The number of days of payables indicates the average number of days a company takes to pay off its suppliers or trade payables. A lower number of days indicates that the company is paying its suppliers quicker, potentially indicating efficient cash management or strong bargaining power.
In Heidrick & Struggles International's case, there has been some fluctuation in the number of days of payables over the years. The increase in days from 2020 to 2021 suggests that the company took longer to pay its suppliers during that period. However, the numbers decreased in the subsequent years, indicating some improvement in the payment efficiency.
Analyzing the trend over several years can provide insights into the company's cash flow management, supplier relationships, and overall financial health. It would be important for stakeholders to monitor this metric in conjunction with other financial ratios and trends to assess Heidrick & Struggles International's financial performance comprehensively.
Peer comparison
Dec 31, 2024