Hawkins Inc (HWKN)
Number of days of payables
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 12.87 | 14.34 | 9.42 | 12.68 | 12.87 | |
| Number of days of payables | days | 28.37 | 25.46 | 38.76 | 28.79 | 28.36 |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.87
= 28.37
Hawkins Inc's number of days of payables has fluctuated over the past five years. As of March 31, 2024, the company took an average of 28.37 days to pay its suppliers, which indicates a slight increase compared to the previous year. In March 2023, the number of days of payables was 25.46, showing a decrease from the prior year. The highest number of days of payables was recorded in March 2022 at 38.76 days, possibly indicating a delay in payments to suppliers. However, in March 2021 and March 2020, the company's number of days of payables remained relatively stable at around 28 days.
Overall, the trend in Hawkins Inc's number of days of payables suggests some variability in the company's payment practices over the years, with a notable increase in 2022 before returning to levels closer to the historical average in subsequent years. Further analysis of the underlying reasons for these fluctuations and their impact on the company's working capital management and relationships with suppliers would provide additional insights into Hawkins Inc's financial performance.
Peer comparison
Mar 31, 2024