Heidrick & Struggles International (HSII)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | 382,083 | 516,973 | 520,450 | 532,358 |
| Payables | US$ in thousands | 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 | 8,633 | 9,093 | 8,107 | 9,229 |
| 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 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $938,852K ÷ $20,837K
= 45.06
The payables turnover ratio for Heidrick & Struggles International, Inc. demonstrates the efficiency with which the company manages its accounts payable. The ratio indicates the number of times the company pays off its suppliers in a given period.
Over the last 8 quarters, the payables turnover ratio has ranged from 4.21 to 5.39, showing consistency in managing payables. In Q2 2023, the company achieved its highest payables turnover ratio of 5.39, indicating a more efficient management of accounts payable compared to other quarters.
Overall, the trend in the payables turnover ratio suggests that Heidrick & Struggles International, Inc. has been effectively managing its supplier payments, maintaining relatively stable and efficient practices in this aspect of its operations throughout the quarters analyzed.
Peer comparison
Dec 31, 2023