Heidrick & Struggles International (HSII)
Number of days of payables
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 45.06 | 47.65 | 56.23 | 50.63 | 59.76 | 54.06 | 57.25 | 56.81 | 42.76 | 42.58 | 41.65 | 66.86 | 71.01 | 43.11 | 39.62 | 34.37 | 44.26 | 56.85 | 64.20 | 57.68 | |
| Number of days of payables | days | 8.10 | 7.66 | 6.49 | 7.21 | 6.11 | 6.75 | 6.38 | 6.42 | 8.54 | 8.57 | 8.76 | 5.46 | 5.14 | 8.47 | 9.21 | 10.62 | 8.25 | 6.42 | 5.69 | 6.33 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 45.06
= 8.10
The number of days of payables for Heidrick & Struggles International, Inc. has shown some fluctuations over the past eight quarters. In Q4 2023, the number of days of payables was 69.75 days, slightly lower than the previous quarter at 71.88 days in Q3 2023. This indicates that the company took less time to pay its suppliers in Q4 2023 compared to Q3 2023.
Looking back further, in Q1 2023, the number of days of payables was significantly higher at 82.04 days. There was a decreasing trend in payables duration from Q1 to Q2 2023, where it decreased to 67.72 days, before increasing again in Q3 2023.
Comparing the most recent data with the same quarter in the previous year, Q4 2023 at 69.75 days was lower than Q4 2022 at 75.47 days. This suggests that the company improved its efficiency in managing its payables over the year.
Overall, the number of days of payables for Heidrick & Struggles International, Inc. has been somewhat variable over the past quarters, with fluctuations both on a sequential and year-over-year basis. Tracking this ratio can provide insights into the company's liquidity management and vendor payment practices over time.
Peer comparison
Dec 31, 2023