Arcosa Inc (ACA)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,864,100 | 1,831,700 | 1,670,200 | 1,553,600 | 1,404,500 |
| Payables | US$ in thousands | 272,500 | 190,700 | 184,700 | 144,100 | 90,000 |
| Payables turnover | 6.84 | 9.61 | 9.04 | 10.78 | 15.61 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,864,100K ÷ $272,500K
= 6.84
Arcosa Inc's payables turnover has exhibited a decreasing trend over the past five years, with values of 6.84, 9.54, 9.04, 10.78, and 15.61 for the years ending December 31, 2023, 2022, 2021, 2020, and 2019, respectively. A decreasing payables turnover ratio may indicate that the company is taking longer to pay its suppliers or that it is managing its accounts payable less efficiently. This could potentially strain relationships with suppliers if payments are consistently delayed. Further investigation into the company's payment practices and supplier relationships may be warranted to better understand the reasons behind the declining payables turnover ratio.
Peer comparison
Dec 31, 2023