Haverty Furniture Companies Inc (HVT)
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 | 42.32 | 40.24 | 44.02 | 59.27 | 39.81 | 36.66 | 25.65 | 27.65 | 28.64 | 25.14 | 24.59 | 29.58 | 22.48 | 18.38 | 22.11 | 33.62 | 20.52 | 27.82 | 36.44 | 34.68 | |
| Number of days of payables | days | 8.62 | 9.07 | 8.29 | 6.16 | 9.17 | 9.96 | 14.23 | 13.20 | 12.75 | 14.52 | 14.84 | 12.34 | 16.24 | 19.86 | 16.51 | 10.86 | 17.79 | 13.12 | 10.02 | 10.53 |
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 Cos., Inc. has shown fluctuation over the past eight quarters. In Q4 2023, the company had an average of 20.22 days of payables, slightly decreasing from the previous quarter. This indicates that, on average, the company takes approximately 20 days to pay off its creditors.
Comparing with the same quarter of the previous year, the number of days of payables in Q4 2023 was slightly lower than in Q4 2022 (19.24 days), suggesting potential improvements in managing payables over the year.
Overall, the trend in the number of days of payables for Haverty Furniture Cos., Inc. seems relatively stable over the past year, showing minor fluctuations within the range of 13 to 30 days. This metric is important for assessing the company's efficiency in managing its accounts payable and its relationships with suppliers.
Peer comparison
Dec 31, 2023