Boston Beer Company Inc (SAM)
Number of days of payables
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 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 | 8.32 | 8.24 | 7.27 | 8.38 | |
| Number of days of payables | days | 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 | 43.85 | 44.29 | 50.22 | 43.57 |
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 fluctuated over the past few years, indicating changes in the company's payment practices. In the most recent period ending December 31, 2023, the company took approximately 27.54 days to pay its suppliers, showing efficient management of accounts payable. This is a decrease from the previous quarter, where the number of days of payables was 35.11 days.
Looking back over the past year, the trend in the number of days of payables has been somewhat volatile, with some quarters showing longer payment cycles and others showing shorter cycles. This could suggest variability in the company's working capital management strategies or changes in supplier agreements.
Analyzing the historical data, we can see that the number of days of payables has generally improved since the beginning of 2021 when the company took around 65.55 days to settle its payables. This improvement indicates better liquidity management and potentially stronger vendor relationships.
Overall, monitoring the number of days of payables can provide insights into how efficiently Boston Beer Company Inc is managing its accounts payable, cash flow, and relationships with suppliers. It is important to continue tracking this ratio to assess the company's financial health and operational efficiency going forward.
Peer comparison
Dec 31, 2023