Hershey Co (HSY)
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 | 7.65 | 7.44 | 7.84 | 7.83 | 8.50 | 8.80 | 8.72 | 8.78 | 10.15 | 9.47 | 9.22 | 9.10 | 7.67 | 7.43 | 8.36 | 8.29 | 7.92 | 7.68 | 8.91 | 8.67 | |
| Number of days of payables | days | 47.71 | 49.09 | 46.56 | 46.59 | 42.95 | 41.47 | 41.83 | 41.58 | 35.96 | 38.53 | 39.57 | 40.09 | 47.59 | 49.12 | 43.64 | 44.02 | 46.07 | 47.53 | 40.95 | 42.09 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.65
= 47.71
The number of days of payables for Hershey Company has been relatively stable over the past eight quarters, ranging from 51.95 days to 64.28 days. The company takes an average of around 56 to 60 days to pay its suppliers. There was a slight increase in Q4 2023 compared to the previous quarter, indicating that the company took longer to settle its payables during this period. Overall, Hershey Company's number of days of payables suggests that the company manages its payment terms consistently with its suppliers.
Peer comparison
Dec 31, 2023
Company name
Symbol
Number of days of payables
Hershey Co
HSY
47.71
John B Sanfilippo & Son Inc
JBSS
22.87
Tootsie Roll Industries Inc
TR
8.65