1. What has been the accounts payable turnover trend for Hasbro and Mattel?
Original blog posting (June 16, 2017)

2. Hasbro Hasbro Monopoly board games GI Joe dolls Furby Transformers
My Little Pony
Many others

3. Selected financial data from Form 10-K
Hasbro, Inc.
Selected financial data from Form 10-K
(in thousands)
12/25/2016
12/27/2015
12/28/2014
12/29/2013
12/30/2012
Inventory
387,675
384,492
339,572
348,794
316,049
Accounts payable
319,525
241,210
212,549
198,799
139,906
Cost of sales
1,905,474
1,677,033
1,698,372
1,672,901
1,671,980
Hasbro selected data

4. Mattel Mattel Fisher-Price toys Barbie dolls Hot Wheels American Girl
Apples to Apples game
Many others

5. Selected financial data from Form 10-K
Mattel, Inc.
Selected financial data from Form 10-K
(in thousands)
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Inventory
613,798
587,521
562,047
568,843
465,057
Accounts payable
664,857
651,681
430,259
375,328
385,375
Cost of sales
2,902,259
2,896,255
3,022,797
3,006,009
3,011,684
Mattel selected data

6. Question 1
What is accounts payable turnover? Why is it important?

7. Question 2a
Calculate accounts payable turnover for Hasbro for 2013 through 2016.

8. Question 3a
Is Hasbro’s accounts payable turnover improving or deteriorating? Explain.

9. Question 2b
Calculate accounts payable turnover for Mattel for 2013 through 2016.

10. Question 3b
Is Mattel’s accounts payable turnover improving or deteriorating? Explain.

11. Question 4
Describe factors that might be causing the trends in the accounts payable turnover for both companies.

12. Question Recap What is accounts payable turnover? Why is it important?
Calculate accounts payable turnover for both Hasbro and Mattel for 2013 through 2016.
Is Hasbro’s accounts payable turnover improving or deteriorating? Is Mattel’s accounts payable turnover improving or deteriorating? Explain.
Describe factors that might be causing the trends in the accounts payable turnover for both companies.

13. For additional news stories to use in the accounting classroom, see the Accounting in the Headlines blog at Questions or comments? Contact Dr. Wendy Tietz at