Boston Beer Company Inc (SAM)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 12.82 | 13.25 | 14.58 | 14.66 | 7.58 | |
| Number of days of payables | days | 28.46 | 27.54 | 25.03 | 24.89 | 48.16 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.82
= 28.46
The number of days of payables for Boston Beer Company Inc has decreased from 48.16 days as of December 31, 2020, to 28.46 days as of December 31, 2024. This indicates that the company is taking less time to pay its suppliers or creditors, which may suggest improved liquidity or stronger bargaining power with suppliers. However, it is essential to monitor this metric closely to ensure that the decrease is not due to delaying payments excessively, which could strain relationships with suppliers. Overall, the decreasing trend in the number of days of payables reflects positively on the company's efficiency in managing its accounts payable.
Peer comparison
Dec 31, 2024