Sally Beauty Holdings Inc (SBH)
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 | 12.70 | 13.16 | 14.40 | 13.33 | 11.86 | 12.72 | 12.31 | 14.43 | 10.10 | 11.87 | 12.73 | 10.42 | 11.24 | 13.80 | 13.65 | 15.44 | 12.63 | 12.31 | 12.59 | 13.76 | |
| Number of days of payables | days | 28.74 | 27.73 | 25.35 | 27.37 | 30.78 | 28.70 | 29.66 | 25.30 | 36.13 | 30.74 | 28.67 | 35.03 | 32.48 | 26.44 | 26.74 | 23.64 | 28.90 | 29.65 | 29.00 | 26.53 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.70
= 28.74
The number of days of payables for Sally Beauty Holdings Inc has shown some fluctuations over the past eight quarters. In Q1 2024, the company took approximately 53.48 days to pay its payables, which is slightly higher compared to the previous quarter (Q4 2023) at 51.64 days. This indicates a slight increase in the amount of time taken by the company to settle its accounts payable.
Looking at a broader trend, the number of days of payables has generally ranged between 45 days to 57 days over the past two years, with some variability quarter to quarter. This suggests that Sally Beauty Holdings Inc has been managing its payables within a relatively consistent range.
The increase in Q1 2024 compared to the previous quarter could be attributed to various factors such as changes in the company's payment terms with suppliers, seasonal variations in purchasing patterns, or overall changes in business operations. It is important to monitor this metric in conjunction with other liquidity and financial health indicators to assess the company's overall financial management and performance.
Peer comparison
Dec 31, 2023