Aecom Technology Corporation (ACM)
Payables turnover
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 15,021,160 | 14,794,900 | 14,342,160 | 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 |
| Payables | US$ in thousands | 2,560,120 | 2,436,740 | 2,304,540 | 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 |
| Payables turnover | 5.87 | 6.07 | 6.22 | 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 |
September 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $15,021,160K ÷ $2,560,120K
= 5.87
The payables turnover ratio for Aecom Technology Corporation has shown a relatively stable trend over the past few years. The ratio has ranged between 5.31 and 6.60, indicating that the company is able to efficiently manage its accounts payable by paying off its suppliers multiple times throughout the year.
A higher payables turnover ratio suggests that Aecom is paying its suppliers more frequently, which can be beneficial in terms of maintaining good vendor relationships and potentially negotiating better credit terms. However, it could also indicate that the company is not taking full advantage of available credit terms, potentially impacting its cash flow management.
Overall, Aecom's payables turnover ratio demonstrates a consistent and efficient management of its accounts payable, but it is important for the company to strike a balance between timely payments and utilizing favorable credit terms to optimize its working capital management.
Peer comparison
Sep 30, 2024