ACI Worldwide Inc (ACIW)

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	719,211	716,221	710,349	708,339	696,071	679,432	666,391	645,672	638,871	627,508	627,375	616,107	622,459	644,866	660,455	668,349	617,453	548,630	476,935	437,956
Payables	US$ in thousands	45,964	40,951	48,137	47,170	47,997	38,227	41,084	38,929	41,312	35,318	37,899	37,276	41,223	38,932	42,795	32,166	37,010	36,002	46,975	28,046
Payables turnover		15.65	17.49	14.76	15.02	14.50	17.77	16.22	16.59	15.46	17.77	16.55	16.53	15.10	16.56	15.43	20.78	16.68	15.24	10.15	15.62

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $719,211K ÷ $45,964K
= 15.65

The payables turnover of ACI Worldwide Inc has shown some fluctuations over the past eight quarters. The payables turnover ratio measures how efficiently a company is managing its outstanding supplier payments. A higher ratio implies that the company is paying off its suppliers more quickly.

Looking at the data provided, the payables turnover ratio ranged from a low of 14.50 in Q4 2022 to a high of 17.77 in Q3 2022. In Q4 2023, the payables turnover ratio decreased to 15.65 from the previous quarter's 17.49, indicating a slight decrease in the efficiency of paying off suppliers.

Overall, the payables turnover ratio for ACI Worldwide Inc has been relatively consistent and at healthy levels, suggesting that the company has been actively managing its trade payables. Further analysis in conjunction with other financial metrics would provide a more comprehensive understanding of the company's financial performance and supplier payment management.