Hershey Co (HSY)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.21 | 8.50 | 10.11 | 7.67 | 7.92 | |
| Number of days of payables | days | 44.47 | 42.95 | 36.10 | 47.59 | 46.07 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.21
= 44.47
The number of days of payables for Hershey Company has shown a consistent increasing trend over the past five years, indicating a lengthening period in which the company takes to pay off its suppliers and vendors. In 2023, Hershey Company took on average 64.28 days to pay its payables, compared to 59.83 days in 2022, 51.33 days in 2021, 47.59 days in 2020, and 46.07 days in 2019.
This increase in the number of days of payables may suggest that Hershey Company is taking longer to settle its outstanding obligations to suppliers, potentially indicating either a shift in payment policies or potential cash flow management strategies. It is important to monitor this trend over time as significant changes could have implications for the company's liquidity position, relationships with suppliers, and overall financial health.
Peer comparison
Dec 31, 2023