Haverty Furniture Companies Inc (HVT)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 794,853 | 849,922 | 893,153 | 926,480 | 929,289 | 913,991 | 900,213 | 896,361 | 894,441 | 871,363 | 838,265 | 740,351 | 706,546 | 498,233 | 504,262 | 565,411 | 571,035 | 765,036 | 761,934 | 767,545 |
| Payables | US$ in thousands | 18,781 | 21,121 | 20,289 | 15,632 | 23,345 | 24,932 | 35,093 | 32,415 | 31,235 | 34,663 | 34,089 | 25,031 | 31,429 | 27,110 | 22,803 | 16,819 | 27,830 | 27,495 | 20,910 | 22,134 |
| 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 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $794,853K ÷ $18,781K
= 42.32
The payables turnover ratio for Haverty Furniture Cos., Inc. has displayed fluctuations over the past eight quarters. The company's ability to efficiently manage its accounts payable varied from a high of 27.95 in Q1 2023 to a low of 12.33 in Q2 2022. Generally, the payables turnover ratio remained relatively high, indicating that the company is efficient in paying off its suppliers. However, the significant decrease in Q2 2022 may raise some concerns about the company's payment management during that period. Overall, Haverty Furniture Cos., Inc. appears to have maintained a strong position in managing its payables effectively over the quarters, with slight fluctuations reflecting potential changes in its payment processes or supplier relationships.
Peer comparison
Dec 31, 2023