The Hackett Group (The Hackett Group) Days Payable : 13.32 (As of Dec. 2023)

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What is The Hackett Group Days Payable?

The Hackett Group's average Accounts Payable for the three months ended in Dec. 2023 was $6.3 Mil. The Hackett Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $43.1 Mil. Hence, The Hackett Group's Days Payable for the three months ended in Dec. 2023 was 13.32.

The historical rank and industry rank for The Hackett Group's Days Payable or its related term are showing as below:

HCKT' s Days Payable Range Over the Past 10 Years
Min: 13.65 Med: 16.6 Max: 17.59
Current: 13.65

During the past 13 years, The Hackett Group's highest Days Payable was 17.59. The lowest was 13.65. And the median was 16.60.

HCKT's Days Payable is ranked worse than
87.87% of 2523 companies
in the Software industry
Industry Median: 51.44 vs HCKT: 13.65

The Hackett Group's Days Payable declined from Dec. 2022 (15.12) to Dec. 2023 (13.32). It may suggest that The Hackett Group accelerated paying its suppliers.

The Hackett Group Days Payable Historical Data

The historical data trend for The Hackett Group's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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The Hackett Group Days Payable Chart

The Hackett Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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15.65

16.01

14.52

16.82

16.51

The Hackett Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															15.12	16.01	12.03	10.51	13.32

Competitive Comparison of The Hackett Group's Days Payable

For the Information Technology Services subindustry, The Hackett Group's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

The Hackett Group's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, The Hackett Group's Days Payable distribution charts can be found below:

* The bar in red indicates where The Hackett Group's Days Payable falls into.

The Hackett Group Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

The Hackett Group's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (8.741	+	7.557)	/	2 )	/	180.208	*	365
=	8.149					/	180.208	*	365
=	16.51

The Hackett Group's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (5.039	+	7.557)	/	2 )	/	43.137	*	365 / 4
=	6.298					/	43.137	*	365 / 4
=	13.32

The Hackett Group Days Payable Related Terms

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The Hackett Group (The Hackett Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » The Hackett Group Inc (NAS:HCKT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AWT:Germany

Address

1001 Brickell Bay Drive, Suite 3000, 30th Floor, Miami, FL, USA, 33131

Website

https://www.thehackettgroup.com

The Hackett Group Inc is an advisory firm. The company's offerings include executive advisory programs, benchmarking, executive advisory, business transformation, and cloud enterprise application implementation. The company's executive and practices advisory programs offer performance metrics, peer-learning opportunities, and practice implementation practices. Benchmarking services help organizations measure and assess internal efficiency and effectiveness. The business transformation programs help customers develop strategies to improve performance. The company's technology advisory services help clients improve decision-making capabilities and deploy software applications. The Hackett Group generates the majority of its revenue in the United States.

Executives

Wix Alan T G	director
Bofill Maria De Los Angeles	director	15550 SW 54 STREET, MIAMI FL 33185-4144
Robert A Rivero	director	1001 BRICKELL BAY DRIVE, SUITE 3000, MIAMI FL 33131
Richard N Hamlin	director	1001 BRICKELL BAY DRIVE, STE 3000, MIAMI FL 33131
John R Harris	director	2201 CEDEAR SPRINGS RD, SUITE 701, DALLAS TX 75201
Ted A Fernandez	director, officer: Chairman and CEO
Roberto A Ramirez,	officer: Chief Financial Officer	ANSWERTHINK, INC., 1001 BRICKELL DRIVE, SUITE 3000, MIAMI FL 33131
David N Dungan	director, officer: Vice Chairman and COO
Edwin A Huston	director	UNISYS CORP, UNISYS WAY, BLUE BELL PA 19424-0001
Terence M Graunke	director, 10 percent owner	676 N. MICHIGAN AVENUE, SUITE 3900, CHICAGO IL 60611
Paul G Yovovich	10 percent owner	676 NORTH MICHIGAN AVENUE, SUITE 3900, CHICAGO IL 60611
Lake Capital Partners Lp	10 percent owner	676 N. MICHIGAN AVENUE, SUITE 3900, CHICAGO IL 60611
Archstone Holdings Llc	10 percent owner
Lake Capital Investment Partners Lp	10 percent owner	676 N. MICHIGAN AVENUE, SUITE 3900, CHICAGO IL 60611
Archstone Intermediate Holdings Llc	10 percent owner	676 North Michigan Avenue, Suite 3900, Chicago IL 60611