Heidrick & Struggles International (HSII)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 45.10 | 59.82 | 41.98 | 74.76 | 59.13 | |
| Number of days of payables | days | 8.09 | 6.10 | 8.69 | 4.88 | 6.17 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 45.10
= 8.09
The number of days of payables for Heidrick & Struggles International, Inc. has shown a declining trend over the past three years. As of December 31, 2023, the company's number of days of payables decreased to 69.75 days from 75.47 days in 2022 and significantly lower than 140.88 days in 2021. This improvement indicates that the company is taking fewer days to pay off its trade payables, which could be a positive indicator of efficient cash management or stronger negotiation power with suppliers. It is important to note that there is no data available for 2020 and 2019, which limits the ability to analyze the trend over a longer period. Monitoring this ratio over time can provide insights into the company's working capital management and financial health.
Peer comparison
Dec 31, 2023