Haverty Furniture Companies Inc (HVT)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 42.32 | 39.81 | 28.64 | 22.48 | 27.94 | |
| Number of days of payables | days | 8.62 | 9.17 | 12.75 | 16.24 | 13.06 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 42.32
= 8.62
The number of days of payables for Haverty Furniture Companies Inc has shown a decreasing trend over the past five years, indicating a more efficient management of payables. In 2023, the company took, on average, 8.62 days to pay off its accounts payable, which is lower than the 9.17 days in 2022 and significantly lower than the 16.24 days in 2020. This reduction suggests that the company is managing its payables more effectively, potentially improving cash flow and liquidity. Overall, the decreasing trend in the number of days of payables reflects positively on the company's working capital management.
Peer comparison
Dec 31, 2023