Boston Beer Company Inc (SAM)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 12.82 | 10.92 | 9.78 | 11.64 | 13.25 | 10.40 | 9.97 | 12.17 | 14.58 | 7.89 | 9.28 | 10.84 | 14.66 | 9.21 | 5.57 | 6.59 | 7.58 | 7.70 | 8.27 | 7.49 | |
| Number of days of payables | days | 28.46 | 33.43 | 37.30 | 31.37 | 27.54 | 35.11 | 36.61 | 29.98 | 25.03 | 46.27 | 39.35 | 33.68 | 24.89 | 39.65 | 65.55 | 55.41 | 48.16 | 47.43 | 44.11 | 48.72 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.82
= 28.46
Boston Beer Company Inc's number of days of payables has shown varying trends over the past few years. It decreased from 48.72 days on March 31, 2020, to a low of 24.89 days on December 31, 2021, indicating a significant improvement in the company's ability to pay its suppliers. However, from that point on, the number of days of payables started to increase again, reaching 37.30 days on June 30, 2024.
The company's payables turnover period has fluctuated over the reporting periods, which suggests changes in the company's payment policies or efficiency in managing its working capital. A longer number of days of payables may indicate that the company is taking longer to pay its suppliers, which could have both positive and negative implications depending on the circumstances.
It is essential for investors and stakeholders to monitor the number of days of payables as it provides insights into the company's liquidity, cash flow management, and relationships with suppliers. A higher number of days of payables can signal potential liquidity issues or strained supplier relationships, while a lower number may indicate efficient working capital management. Monitoring trends in this ratio can help assess the company's financial health and operational efficiency in managing its payables effectively.
Peer comparison
Dec 31, 2024