Hammond Manufacturing Co (TSX:HMM.A) Days Payable : 22.75 (As of Dec. 2023)

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What is Hammond Manufacturing Co Days Payable?

Hammond Manufacturing Co's average Accounts Payable for the three months ended in Dec. 2023 was C$8.7 Mil. Hammond Manufacturing Co's Cost of Goods Sold for the three months ended in Dec. 2023 was C$35.0 Mil. Hence, Hammond Manufacturing Co's Days Payable for the three months ended in Dec. 2023 was 22.75.

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

TSX:HMM.A' s Days Payable Range Over the Past 10 Years
Min: 17.32 Med: 20.4 Max: 25.01
Current: 21.31

During the past 13 years, Hammond Manufacturing Co's highest Days Payable was 25.01. The lowest was 17.32. And the median was 20.40.

TSX:HMM.A's Days Payable is ranked worse than
94.2% of 2930 companies
in the Industrial Products industry
Industry Median: 76.065 vs TSX:HMM.A: 21.31

Hammond Manufacturing Co's Days Payable declined from Dec. 2022 (23.06) to Dec. 2023 (22.75). It may suggest that Hammond Manufacturing Co accelerated paying its suppliers.

Hammond Manufacturing Co Days Payable Historical Data

The historical data trend for Hammond Manufacturing Co'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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Hammond Manufacturing Co Days Payable Chart

Hammond Manufacturing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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20.33

25.01

23.43

21.80

20.05

Hammond Manufacturing Co 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															23.06	19.89	22.00	22.13	22.75

Competitive Comparison of Hammond Manufacturing Co's Days Payable

For the Electrical Equipment & Parts subindustry, Hammond Manufacturing Co'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.

Hammond Manufacturing Co's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Hammond Manufacturing Co's Days Payable falls into.

Hammond Manufacturing Co 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.

Hammond Manufacturing Co'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
=	( (8.205	+	8.5)	/	2 )	/	152.079	*	365
=	8.3525					/	152.079	*	365
=	20.05

Hammond Manufacturing Co'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
=	( (8.939	+	8.5)	/	2 )	/	34.977	*	365 / 4
=	8.7195					/	34.977	*	365 / 4
=	22.75

Hammond Manufacturing Co Days Payable Related Terms

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Hammond Manufacturing Co (TSX:HMM.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hammond Manufacturing Co Ltd (TSX:HMM.A) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HMFAF:USA

Address

394 Edinburgh Road North, Guelph, ON, CAN, N1H 1E5

Website

https://www.hammfg.com

Hammond Manufacturing Co Ltd provides electrical and electronic components to Original Equipment Manufacturers (OEM) through a network of agents and distributors. Its product categories include Electrical Enclosures, Small Enclosures, Rack Mounting Solutions, PDUs & Outlet Strips, Transformers, and Classic Transformers & Chokes. Its geographical segments are Canada, the United States, and other countries, of which key revenue is derived from the United States.

Hammond Manufacturing Co (TSX:HMM.A) Headlines

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