Agilent Technologies Inc (A)
Payables turnover
Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
---|---|---|---|---|---|---|
Cost of revenue | US$ in thousands | 4,745,000 | 5,484,000 | 4,987,000 | 4,776,000 | 4,332,000 |
Payables | US$ in thousands | 540,000 | 418,000 | 580,000 | 446,000 | 354,000 |
Payables turnover | 8.79 | 13.12 | 8.60 | 10.71 | 12.24 |
October 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $4,745,000K ÷ $540,000K
= 8.79
The payables turnover ratio for Agilent Technologies Inc has fluctuated over the past five years. In 2024, the payables turnover ratio was 8.79, a decrease from the previous year's ratio of 13.12. This indicates that Agilent Technologies Inc took longer to pay its suppliers in 2024 compared to 2023. However, it is important to note that a higher payables turnover ratio may also indicate more efficient management of payables.
In 2022 and 2021, the payables turnover ratios were 8.60 and 10.71, respectively, showing a variation in how quickly Agilent Technologies Inc paid its suppliers during those years. The highest payables turnover ratio in the table was in 2023 at 13.12, suggesting the company was more efficient in paying its suppliers that year.
Overall, the payables turnover ratio for Agilent Technologies Inc has shown some variability, indicating changes in the company's payment practices and efficiency in managing payables over the years. Further analysis of the company's financial statements and industry comparables may provide additional insights into the underlying factors driving these fluctuations.
Peer comparison
Oct 31, 2024