Treehouse Foods Inc (THS)
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 | 5.49 | 5.75 | 5.89 | 5.19 | 4.88 | 3.83 | 2.94 | 3.37 | 4.85 | — | — | — | 3.90 | — | — | — | 6.87 | 6.65 | 6.76 | 6.66 | |
| Number of days of payables | days | 66.45 | 63.43 | 62.00 | 70.30 | 74.80 | 95.21 | 124.04 | 108.36 | 75.31 | — | — | — | 93.53 | — | — | — | 53.14 | 54.92 | 54.00 | 54.82 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.49
= 66.45
Treehouse Foods Inc's number of days of payables has shown fluctuations over the past eight quarters. In Q4 2023, the company had 68.37 days of payables, which was lower compared to the previous quarter. This indicates that the company took fewer days to pay its suppliers during this period. However, the number of days of payables in Q4 2023 was higher than in Q4 2022.
Overall, Treehouse Foods Inc's number of days of payables has been relatively stable, ranging between 70 to 85 days over the past two years. A lower number of days of payables may indicate that the company is managing its payables efficiently and may have good relationships with its suppliers. On the other hand, a higher number of days of payables could point to potential cash flow issues or challenges in managing working capital. It is important for investors and stakeholders to monitor this metric over time to assess the company's liquidity and financial health.
Peer comparison
Dec 31, 2023