The Hershey Co (LTS:0J4X) Days Payable : 40.44 (As of Sep. 2024)

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What is The Hershey Co Days Payable?

The Hershey Co's average Accounts Payable for the three months ended in Sep. 2024 was $778 Mil. The Hershey Co's Cost of Goods Sold for the three months ended in Sep. 2024 was $1,755 Mil. Hence, The Hershey Co's Days Payable for the three months ended in Sep. 2024 was 40.44.

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

LTS:0J4X' s Days Payable Range Over the Past 10 Years
Min: 42.15 Med: 45.4 Max: 60.86
Current: 46.02

During the past 13 years, The Hershey Co's highest Days Payable was 60.86. The lowest was 42.15. And the median was 45.40.

LTS:0J4X's Days Payable is ranked better than
50.22% of 1820 companies
in the Consumer Packaged Goods industry
Industry Median: 45.78 vs LTS:0J4X: 46.02

The Hershey Co's Days Payable declined from Sep. 2023 (46.16) to Sep. 2024 (40.44). It may suggest that The Hershey Co accelerated paying its suppliers.

The Hershey Co Days Payable Historical Data

The historical data trend for The Hershey 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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The Hershey Co Days Payable Chart

The Hershey Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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44.04

46.40

47.17

51.26

60.86

The Hershey Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															46.16	52.39	46.84	48.30	40.44

Competitive Comparison of The Hershey Co's Days Payable

For the Confectioners subindustry, The Hershey 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.

The Hershey Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The Hershey Co's Days Payable distribution charts can be found below:

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

The Hershey 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.

The Hershey 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
=	( (970.558	+	1086.183)	/	2 )	/	6167.176	*	365
=	1028.3705					/	6167.176	*	365
=	60.86

The Hershey Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (781.166	+	774.135)	/	2 )	/	1754.775	*	365 / 4
=	777.6505					/	1754.775	*	365 / 4
=	40.44

The Hershey Co Days Payable Related Terms

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The Hershey Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Hershey Co (LTS:0J4X) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HSY:USA HSY:Mexico HSY:Germany HSY:Germany HSY:Germany HSY:Germany HSHY34:Brazil HSY:Austria

Address

19 East Chocolate Avenue, Hershey, PA, USA, 17033

Website

https://www.thehersheycompany.com

Hershey is a leading us confectionery manufacturer (around a $25 billion market), controlling around 36% of the domestic chocolate space (per Euromonitor). Beyond its namesake label, the firm's mix has expanded over the last 85 years and now consists of 100 brands, including Reese's, Kit Kat, Kisses, and Ice Breakers. Hershey's products are sold in about 80 countries, albeit with just a high-single-digit percentage of sales coming from markets outside the us, including Brazil, India, and Mexico. The firm has sought inorganic opportunities to extend its reach beyond its core confection business, adding Amplify Snack Brands and its Skinny Pop ready-to-eat popcorn to its mix, Pirate Brands, and Dot's Pretzels over the past few years.

The Hershey Co Headlines

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