Hershey Co (HSY)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 5,901,380 | 6,166,650 | 5,920,510 | 4,922,740 | 4,448,450 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $5,901,380K ÷ $—K
= —
Based on the data provided for Hershey Co, the payables turnover ratio for the years 2020, 2021, 2022, 2023, and 2024 is not available as it is indicated by "—". This lack of specific information on payables turnover makes it challenging to assess Hershey Co's efficiency in managing its accounts payable during these years.
The payables turnover ratio is a key financial metric that measures how efficiently a company pays its suppliers. A higher payables turnover ratio generally indicates that the company is paying its suppliers more frequently, while a lower ratio may suggest that the company is taking longer to pay its bills.
Without the specific values for payables turnover, it is difficult to evaluate Hershey Co's ability to manage its accounts payable effectively. It is important for the company to monitor and analyze this ratio over time to ensure that it is maintaining healthy relationships with its suppliers and managing its working capital efficiently.
Peer comparison
Dec 31, 2024