Alcoa Corp (AA)
Payables turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 10,201,000 | 10,389,000 | 10,576,000 | 10,828,000 | 10,595,000 | 9,417,000 | 9,080,000 | 8,471,000 | 8,590,000 | 8,511,000 | 8,226,000 | 7,992,000 | 7,903,000 | 9,392,000 | 9,520,000 | 7,612,000 | 5,726,000 | 2,793,000 | 810,000 | 1,037,000 |
| Payables | US$ in thousands | 1,714,000 | 1,472,000 | 1,491,000 | 1,489,000 | 1,757,000 | 1,590,000 | 1,752,000 | 1,645,000 | 1,674,000 | 1,482,000 | 1,392,000 | 1,284,000 | 1,403,000 | 1,360,000 | 1,253,000 | 1,276,000 | 1,484,000 | 1,418,000 | 1,523,000 | 1,503,000 |
| Payables turnover | 5.95 | 7.06 | 7.09 | 7.27 | 6.03 | 5.92 | 5.18 | 5.15 | 5.13 | 5.74 | 5.91 | 6.22 | 5.63 | 6.91 | 7.60 | 5.97 | 3.86 | 1.97 | 0.53 | 0.69 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $10,201,000K ÷ $1,714,000K
= 5.95
The payables turnover ratio for Alcoa Corp has shown fluctuations over the past eight quarters. In Q1 2023, the payables turnover ratio was 7.01, indicating that the company was able to pay off its accounts payable 7.01 times during that quarter. This was higher compared to the previous quarter, where the ratio was 6.83.
Overall, the payables turnover ratios for the company have been relatively stable, ranging from 5.51 to 7.01 over the past two years. A higher payables turnover ratio indicates that the company is managing its accounts payable efficiently by paying off its suppliers more frequently.
It is important to analyze this ratio in conjunction with other financial metrics to get a comprehensive understanding of Alcoa Corp's financial performance and management of working capital.
Peer comparison
Dec 31, 2023