Arcosa Inc (ACA)
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 | 1,864,100 | 1,797,500 | 1,801,700 | 1,820,900 | 1,820,000 | 1,844,000 | 1,814,300 | 1,748,800 | 1,670,200 | 1,612,800 | 1,544,000 | 1,523,400 | 1,553,600 | 1,547,700 | 1,514,100 | 1,463,000 | 1,404,500 | 1,205,800 | 1,221,300 | |
| Payables | US$ in thousands | 272,500 | 244,800 | 238,700 | 205,800 | 190,700 | 221,600 | 220,200 | 228,700 | 184,700 | 213,300 | 201,300 | 175,700 | 144,100 | 137,100 | 108,300 | 113,200 | 90,000 | 82,600 | 73,000 | 79,300 |
| Payables turnover | 6.84 | 7.34 | 7.55 | 8.85 | 9.54 | 8.32 | 8.24 | 7.65 | 9.04 | 7.56 | 7.67 | 8.67 | 10.78 | 11.29 | 13.98 | 12.92 | 15.61 | 14.60 | 16.73 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,864,100K ÷ $272,500K
= 6.84
The payables turnover ratio of Arcosa Inc has shown fluctuation over the past eight quarters, ranging from 6.84 to 9.54. A higher payables turnover ratio indicates that the company is efficiently managing its accounts payable by paying suppliers more frequently.
During Q1 2023, Arcosa Inc had a payables turnover ratio of 8.85, which was a decrease from the previous quarter's ratio of 7.57. This may suggest that the company took longer to pay its suppliers in the first quarter compared to the previous quarter.
Overall, Arcosa Inc has maintained a relatively consistent payables turnover ratio between 7.64 and 9.54 over the past two years, indicating a stable relationship with its suppliers in terms of payment frequency. However, it will be important for the company to closely monitor this ratio to ensure efficient management of its accounts payable in the future.
Peer comparison
Dec 31, 2023