Aecom Technology Corporation (ACM)
Payables turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 13,433,000 | 12,300,200 | 12,542,400 | 12,530,400 | 13,030,800 |
| Payables | US$ in thousands | 2,190,760 | 2,027,310 | 2,090,480 | 2,358,230 | 2,410,840 |
| Payables turnover | 6.13 | 6.07 | 6.00 | 5.31 | 5.41 |
September 30, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $13,433,000K ÷ $2,190,760K
= 6.13
The payables turnover ratio for AECOM has shown a consistent trend over the past five years, with values of 6.13 in 2023, 6.07 in 2022, 6.00 in 2021, 5.33 in 2020, and 6.55 in 2019.
This ratio indicates the efficiency with which AECOM is managing its accounts payable. The increasing trend from 2020 to 2022 suggests that the company was able to pay off its suppliers at a faster rate during those years. However, the slight decrease in 2023 compared to 2022 indicates a potential slowdown in the management of payables.
Overall, AECOM's payables turnover ratio reflects a relatively efficient management of trade payables across the years, although the recent dip in 2023 may warrant further monitoring to assess any potential impact on the company's working capital management.
Peer comparison
Sep 30, 2023