Boston Beer Company Inc (SAM)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 13.25 | 14.58 | 14.66 | 7.58 | 8.32 | |
| Number of days of payables | days | 27.54 | 25.03 | 24.89 | 48.16 | 43.85 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.25
= 27.54
The number of days of payables for Boston Beer Company Inc has shown some fluctuations over the past five years. In 2023, the company takes approximately 27.54 days to pay off its accounts payable, which is slightly higher compared to the previous year. This suggests that the company is taking slightly longer to settle its outstanding obligations to suppliers.
In 2022, the number of days of payables was 25.03 days, indicating a relatively efficient management of accounts payable. However, in 2021, there was a slight increase to 24.89 days, which still reflects a prompt payment cycle.
The significant increase in 2020 to 48.16 days is noteworthy as it indicates a substantial extension in the time taken by the company to pay off its suppliers. This could be due to various reasons such as cash flow constraints, changes in payment terms, or strategic decisions impacting supplier relationships.
Similarly, in 2019, the number of days of payables was 43.85 days, showing a similar trend of extended payment cycles compared to the more recent years.
Overall, the analysis of the number of days of payables for Boston Beer Company Inc indicates some variability in the company's approach to managing its accounts payable, with fluctuations in payment cycles over the years. This metric provides insights into the company's liquidity management and relationships with suppliers.
Peer comparison
Dec 31, 2023