Heidrick & Struggles International (HSII)
Payables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,078,016 | 1,010,118 | 991,708 | 966,717 | 938,852 | 903,674 | 870,273 | 859,378 | 873,308 | 932,374 | 940,509 | 928,897 | 871,106 | 771,469 | 740,849 | 678,563 | 624,804 | 476,355 | 429,987 | 381,099 |
| Payables | US$ in thousands | 25,088 | 21,517 | 19,515 | 19,776 | 20,837 | 18,966 | 15,477 | 16,975 | 14,613 | 17,248 | 16,428 | 16,350 | 20,374 | 18,119 | 17,789 | 10,149 | 8,799 | 11,050 | 10,852 | 11,088 |
| Payables turnover | 42.97 | 46.95 | 50.82 | 48.88 | 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 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,078,016K ÷ $25,088K
= 42.97
The payables turnover ratio for Heidrick & Struggles International has varied over the years, reflecting the company's efficiency in managing its accounts payable.
The ratio was relatively stable between March 2020 and June 2021, ranging from 34.37 to 66.86, indicating a consistent turnover of payables during that period. There was a significant increase in the ratio by the end of December 2021, reaching 71.01, suggesting that the company was paying its suppliers more frequently within that quarter.
Subsequently, the payables turnover ratio fluctuated between 41.65 and 59.76 from June 2021 to December 2022. This variability may suggest changes in the company's payment policies or supplier relationships during this time frame.
From March 2023 to December 2024, the payables turnover ratio remained relatively consistent between 45.06 and 59.76. This stability could indicate that Heidrick & Struggles International maintained a steady pace in paying off its accounts payable during this period.
Overall, the trend in payables turnover reflects the company's ability to efficiently manage its trade credit obligations and suggests potential changes in liquidity, working capital management, or supplier terms over the years.
Peer comparison
Dec 31, 2024