Hawkins Inc (HWKN)
Number of days of payables
| Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 12.87 | 17.28 | 12.37 | 13.84 | 14.34 | 15.11 | 12.06 | 12.16 | 9.42 | 13.01 | 12.42 | 13.22 | 12.68 | 14.49 | 13.33 | 13.93 | 12.87 | 16.52 | 15.19 | 14.31 | |
| Number of days of payables | days | 28.37 | 21.13 | 29.50 | 26.38 | 25.46 | 24.15 | 30.26 | 30.02 | 38.76 | 28.06 | 29.38 | 27.60 | 28.79 | 25.18 | 27.39 | 26.19 | 28.36 | 22.09 | 24.02 | 25.50 |
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 shown fluctuations over the past several quarters. The trend indicates that the company takes an average of around 25 to 30 days to pay its creditors. The number of days of payables can be influenced by various factors such as payment terms with suppliers, cash flow management, and operational efficiency.
Looking at the data, we see that there has been some variability in the number of days of payables, with the highest recorded at 38.76 days and the lowest at 21.13 days. Overall, the company seems to maintain a relatively stable payment cycle, with occasional fluctuations that could be due to seasonal patterns or specific business circumstances.
It is important to monitor the number of days of payables to ensure that Hawkins Inc is managing its working capital effectively. A longer payment period may indicate potential liquidity issues or strained relationships with suppliers, while a shorter payment period could suggest efficient cash management. By comparing this metric to industry benchmarks and historical trends, stakeholders can gain insights into the company's financial health and operational efficiency.
Peer comparison
Mar 31, 2024