Hubbell (Hubbell) Days Payable : 57.35 (As of Dec. 2023)

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What is Hubbell Days Payable?

Hubbell's average Accounts Payable for the three months ended in Dec. 2023 was $559 Mil. Hubbell's Cost of Goods Sold for the three months ended in Dec. 2023 was $890 Mil. Hence, Hubbell's Days Payable for the three months ended in Dec. 2023 was 57.35.

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

HUBB' s Days Payable Range Over the Past 10 Years
Min: 38.11 Med: 46.58 Max: 57.57
Current: 57.57

During the past 13 years, Hubbell's highest Days Payable was 57.57. The lowest was 38.11. And the median was 46.58.

HUBB's Days Payable is ranked worse than
63% of 2930 companies
in the Industrial Products industry
Industry Median: 76 vs HUBB: 57.57

Hubbell's Days Payable declined from Dec. 2022 (58.84) to Dec. 2023 (57.35). It may suggest that Hubbell accelerated paying its suppliers.

Hubbell Days Payable Historical Data

The historical data trend for Hubbell'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.

* Premium members only.

Hubbell Days Payable Chart

Hubbell Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

48.76

48.28

52.30

55.79

57.26

Hubbell 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															58.84	58.60	57.71	56.98	57.35

Competitive Comparison of Hubbell's Days Payable

For the Electrical Equipment & Parts subindustry, Hubbell'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.

Hubbell's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hubbell's Days Payable distribution charts can be found below:

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

Hubbell 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.

Hubbell'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
=	( (529.9	+	563.5)	/	2 )	/	3484.8	*	365
=	546.7					/	3484.8	*	365
=	57.26

Hubbell'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
=	( (554.7	+	563.5)	/	2 )	/	889.6	*	365 / 4
=	559.1					/	889.6	*	365 / 4
=	57.35

Hubbell Days Payable Related Terms

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Hubbell (Hubbell) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hubbell Inc (NYSE:HUBB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HUEC:Germany

Address

40 Waterview Drive, Shelton, CT, USA, 06484

Website

https://www.hubbell.com

Hubbell is a diversified conglomerate industrial company that mostly competes in the electrical components market. Its products and services serve vital portions of the U.S. electrical supply chain, including transmission and distribution as well as the commercial, industrial, and residential end markets. The company organizes its business into two segments: electrical and power systems. The consolidated business sells about two thirds of its products via distributors, with the remainder sold via direct sales to utilities and contractors. The 2018 acquisition of Aclara, folded into the utility solutions segment, brought Hubbell a portfolio of smart meters and communication sensors that serves electrical, water, and gas utilities.

Executives

John F Malloy	director	2556 SPRING VALLEY ROAD, BETHLEHEM PA 18105
Del Nero Jonathan M.	officer: Vice President, Controller	C/0 HUBBELL INCORPORATED, 40 WATERVIEW DRIVE, SHELTON CT 06484
Alyssa R Flynn	officer: Chief Human Resources Officer	C/O HUBBELL INCORPORATED, 40 WATERVIEW DRIVE, SHELTON CT 06484
William R Sperry	officer: Executive VP and CFO	C/O HUBBELL INCORPORATED, 40 WATERVIEW DRIVE, SHELTON CT 06484
Gerben Bakker	officer: Group Vice President	C/O HUBBELL INCORPORATED, 40 WATERVIEW DRIVE, SHELTON CT 06484
Mark Eugene Mikes	officer: President Electrical Solutions	C/O HUBBELL INCORPORATED, 40 WATERVIEW DRIVE, SHELTON CT 06484
Gregory Gumbs	officer: President, Utility Solutions	C/O HUBBELL INCORPORATED, 40 WATERVIEW DRIVE, SHELTON CT 06484
Debra L. Dial	director	208 S. AKARD, 29TH FLOOR, DALLAS TX 75202
Carlos M Cardoso	director	STANLEY BLACK & DECKER, INC., 1000 STANLEY DRIVE, NEW BRITAIN CT 06053
Anthony Guzzi	director	301 MERRITT SEVEN, 6TH FLOOR, NORWALK CT 06851
Allan Connolly	officer: Group President, Power Systems	C/O HUBBELL INCORPORATED, 40 WATERVIEW DRIVE, SHELTON CT 06484
Stephen M Mais	officer: Vice President Human Resources	C/O HUBBELL INCORPORATED, 40 WATERVIEW DRIVE, SHELTON CT 06484
Rhett Anthony Hernandez	director	40 WATERVIEW DRIVE, SHELTON CT 06484
David G Nord	officer: Senior VP & CFO	UNITED TECHNOLOGIES CORP, ONE FINANCIAL PLAZA, HARTFORD CT 06101
Joseph Anthony Capozzoli	officer: VP and Corporate Controller	C/O HUBBELL INCORPORATED, 40 WATERVIEW DRIVE, SHELTON CT 06484