Agilent Technologies Inc (A)
Payables turnover
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 4,745,000 | 4,764,000 | 5,296,000 | 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 |
| Payables | US$ in thousands | 540,000 | 497,000 | 461,000 | 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 |
| Payables turnover | 8.79 | 9.59 | 11.49 | 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 |
October 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $4,745,000K ÷ $540,000K
= 8.79
The payables turnover ratio for Agilent Technologies Inc has shown fluctuations over the past years. The ratio measures how efficiently the company pays its suppliers.
From January 2020 to October 2024, the payables turnover ratio ranged between 8.60 and 13.71 times, indicating that the company is able to pay its suppliers approximately 8.60 to 13.71 times within a year.
There was an increasing trend in the payables turnover ratio from October 2020 to April 2024, peaking at 13.12 in October 2023. This indicates that the company was making payments to its suppliers at a faster rate during this period.
However, there was a slight decrease in the ratio from April 2024 to October 2024, dropping to 8.79. This may suggest that Agilent Technologies Inc took a slightly longer time to pay its suppliers during this period.
Overall, fluctuations in the payables turnover ratio can be influenced by various factors such as changes in the company's payment terms with suppliers, changes in the company's purchasing practices, or changes in the efficiency of the company's accounts payable process.
Peer comparison
Oct 31, 2024