Agilent Technologies Inc (A)
Payables turnover
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 5,422,000 | 5,484,000 | 5,545,000 | 5,046,000 | 4,993,000 | 4,987,000 | 4,892,000 | 4,850,000 | 4,843,000 | 4,775,000 | 4,707,000 | 4,499,000 | 4,404,000 | 4,332,000 | 4,265,000 | 4,259,000 | 4,122,000 | 3,994,000 | 3,459,000 | 3,034,000 |
| Payables | US$ in thousands | 488,000 | 418,000 | 452,000 | 479,000 | 540,000 | 580,000 | 558,000 | 503,000 | 475,000 | 446,000 | 416,000 | 423,000 | 398,000 | 354,000 | 311,000 | 333,000 | 329,000 | 354,000 | 316,000 | 314,000 |
| Payables turnover | 11.11 | 13.12 | 12.27 | 10.53 | 9.25 | 8.60 | 8.77 | 9.64 | 10.20 | 10.71 | 11.31 | 10.64 | 11.07 | 12.24 | 13.71 | 12.79 | 12.53 | 11.28 | 10.95 | 9.66 |
January 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $5,422,000K ÷ $488,000K
= 11.11
The payables turnover ratio for Agilent Technologies Inc. has shown fluctuations over the past eight quarters. The ratio measures how efficiently the company is managing its trade payables by comparing the amount of purchases made on credit to the average accounts payable during a specific period.
In Q1 2024, the payables turnover ratio was 6.82, indicating that Agilent Technologies on average paid off its accounts payable 6.82 times during the quarter. This was a decrease compared to the previous quarter, Q4 2023, where the ratio was higher at 8.06.
Looking at the trend over the past two years, there was a general upward trend from Q2 2022 to Q4 2023, with the ratio peaking at 8.06 in Q4 2023. However, in Q1 2024, there was a noticeable decrease in the payables turnover ratio.
Overall, the payables turnover for Agilent Technologies Inc. has ranged from 5.39 to 8.06 over the past eight quarters, showing variability in how quickly the company is paying off its trade payables. It would be important to further investigate the reasons behind the fluctuations to assess the effectiveness of the company's accounts payable management.
Peer comparison
Jan 31, 2024