Tyson Foods Inc (TSN)
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 | 19.24 | 19.37 | 20.57 | 20.62 | 18.97 | 18.77 | 19.31 | 19.17 | 19.93 | 18.21 | 20.53 | 19.94 | 18.88 | 20.15 | 21.63 | 22.12 | 19.79 | 19.41 | 18.54 | 20.76 | |
| Number of days of payables | days | 18.98 | 18.84 | 17.75 | 17.70 | 19.24 | 19.44 | 18.91 | 19.04 | 18.31 | 20.04 | 17.78 | 18.30 | 19.33 | 18.11 | 16.88 | 16.50 | 18.44 | 18.81 | 19.69 | 17.58 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 19.24
= 18.98
The number of days of payables for Tyson Foods Inc has been relatively stable over the past few quarters, ranging between 16.50 days to 20.04 days. This ratio indicates how long on average it takes the company to pay its suppliers.
A lower number of days of payables suggests that the company is paying its suppliers more quickly, which can be a positive sign as it indicates strong liquidity and good relationships with suppliers. On the other hand, a higher number of days of payables may indicate that the company is taking longer to pay its suppliers, potentially signaling cash flow issues or strained supplier relationships.
Overall, Tyson Foods Inc's number of days of payables appears to be within a reasonable range, reflecting a balanced approach to managing its accounts payable. It is essential to monitor this ratio over time to ensure that the company maintains healthy supplier relationships while effectively managing its working capital.
Peer comparison
Dec 31, 2023