Aecom Technology Corporation (ACM)
Payables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 15,021,200 | 13,433,000 | 12,300,200 | 12,542,400 | 12,530,400 |
| Payables | US$ in thousands | 2,560,120 | 2,190,760 | 2,027,310 | 2,090,480 | 2,358,230 |
| Payables turnover | 5.87 | 6.13 | 6.07 | 6.00 | 5.31 |
September 30, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $15,021,200K ÷ $2,560,120K
= 5.87
The payables turnover ratio for Aecom Technology Corporation has shown a consistent and relatively stable trend over the past five years. It increased slightly from 5.31 in 2020 to 6.13 in 2023, indicating a shorter period for the company to pay off its trade payables. In 2024, the payables turnover ratio decreased to 5.87, suggesting a slight extension in the payment period compared to the prior year. Despite this decrease, the ratio remains relatively high, reflecting the company's efficient management of its accounts payable.
Overall, Aecom Technology Corporation has been effectively managing its payable obligations, with the payables turnover ratio consistently above 5. This implies that the company is able to quickly convert its accounts payable into cash or settle its obligations within a relatively short period. This trend indicates strong liquidity and working capital management within the company.
Peer comparison
Sep 30, 2024