Hexcel Corporation (HXL)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.62 | 8.89 | 10.91 | 20.62 | 11.93 | |
| Number of days of payables | days | 37.95 | 41.04 | 33.45 | 17.70 | 30.58 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.62
= 37.95
The number of days of payables for Hexcel Corp. has shown some fluctuations over the past five years. In 2023, it increased to 42.83 days from 46.50 days in 2022, indicating that the company took slightly longer to pay its suppliers in 2023 compared to the previous year. However, the number of days of payables in 2023 was still higher than in 2021, when it stood at 38.45 days.
The number of days of payables in 2020 was relatively lower at 20.23 days compared to the following years, suggesting that Hexcel Corp. was able to efficiently manage its payables during that period. In 2019, the number of days of payables was 33.54 days, indicating that the company took slightly longer to pay its suppliers compared to 2023.
Overall, the trend in the number of days of payables for Hexcel Corp. seems to have fluctuated over the past five years, with some variability in the time taken to settle its payables.
Peer comparison
Dec 31, 2023