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

Company name
Symbol
Payables turnover
Agilent Technologies Inc
A
8.79
Cohu Inc
COHU
15.02
Itron Inc
ITRI
9.20
Teradyne Inc
TER
6.33
Veralto Corporation
VLTO
8.65