Aecom Technology Corporation (ACM)
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 | 13,921,580 | 13,433,000 | 13,051,720 | 12,659,390 | 12,401,020 | 12,300,160 | 12,227,960 | 12,413,620 | 12,480,210 | 12,542,500 | 12,785,000 | 12,582,800 | 12,589,400 | 12,530,400 | 12,475,000 | 12,676,800 | 12,867,700 | 13,030,800 | 14,824,900 | 16,581,300 |
| Payables | US$ in thousands | 2,109,620 | 2,190,760 | 2,106,310 | 2,043,230 | 1,987,310 | 2,027,310 | 1,998,920 | 1,915,620 | 2,044,120 | 2,090,480 | 2,068,440 | 2,115,110 | 2,264,700 | 2,358,230 | 2,098,620 | 2,184,350 | 2,376,870 | 2,410,840 | 2,609,900 | 2,581,350 |
| Payables turnover | 6.60 | 6.13 | 6.20 | 6.20 | 6.24 | 6.07 | 6.12 | 6.48 | 6.11 | 6.00 | 6.18 | 5.95 | 5.56 | 5.31 | 5.94 | 5.80 | 5.41 | 5.41 | 5.68 | 6.42 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $13,921,580K ÷ $2,109,620K
= 6.60
AECOM's payables turnover ratio has been relatively stable over the past eight quarters, ranging from 6.07 to 6.60. This indicates that, on average, AECOM is able to convert its accounts payable into cash approximately 6 times a year. A consistent payables turnover ratio over time may suggest efficient management of the company's accounts payable, implying that AECOM is effectively managing its credit terms with suppliers or optimizing its working capital. However, it is important to consider other factors and benchmarks within the industry to gain a comprehensive understanding of AECOM's payables turnover performance.
Peer comparison
Dec 31, 2023