Hawkins Inc (HWKN)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 725,526 | 740,437 | 757,136 | 769,314 | 769,979 | 764,213 | 734,376 | 685,548 | 628,021 | 572,588 | 534,166 | 503,180 | 473,109 | 451,653 | 435,893 | 432,938 | 439,281 | 441,893 | 450,083 | 457,586 |
| Payables | US$ in thousands | 56,387 | 42,857 | 61,192 | 55,598 | 53,705 | 50,573 | 60,887 | 56,376 | 66,693 | 44,021 | 43,004 | 38,052 | 37,313 | 31,160 | 32,708 | 31,069 | 34,129 | 26,744 | 29,624 | 31,971 |
| 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 |
March 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $725,526K ÷ $56,387K
= 12.87
Hawkins Inc's payables turnover ratio has fluctuated over the past few quarters. The payables turnover ratio indicates how efficiently a company manages its trade credit from suppliers. A higher turnover ratio suggests that the company is paying its suppliers more quickly or negotiating better credit terms.
In the most recent quarter, the payables turnover ratio was 12.87, which indicates that the company turned over its accounts payable 12.87 times during the period. This ratio was lower than the ratio in the previous quarter but higher than the ratios from two quarters ago.
Looking at the trend over the past few quarters, there is variability in the payables turnover ratio, with some quarters showing higher ratios and others showing lower ratios. It is worth noting that the payables turnover ratio has generally been above 10, which indicates that Hawkins Inc is managing its payables efficiently.
Further analysis would be needed to understand the reasons behind the fluctuations in the payables turnover ratio and whether they are reflective of changes in the company's payment terms, purchasing strategies, or supplier relationships.
Peer comparison
Mar 31, 2024