Agilysys Inc (AGYS)

Payables turnover

		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	Sep 30, 2019	Jun 30, 2019
Cost of revenue (ttm)	US$ in thousands	223,079	213,974	207,684	197,541	186,936	183,056	174,684	167,123	159,571	176,425	177,967	168,587	162,646	192,233	196,895	212,376	221,125	127,443	122,705	117,409
Payables	US$ in thousands	9,422	9,012	10,069	10,544	9,418	9,752	10,428	8,185	9,766	8,035	9,009	7,388	6,346	5,435	3,176	4,439	13,403	10,454	8,836	4,469
Payables turnover		23.68	23.74	20.63	18.73	19.85	18.77	16.75	20.42	16.34	21.96	19.75	22.82	25.63	35.37	61.99	47.84	16.50	12.19	13.89	26.27

March 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $223,079K ÷ $9,422K
= 23.68

The payables turnover ratio for Agilysys Inc has shown some fluctuations over the periods analyzed. The ratio indicates how efficiently the company is managing its accounts payable by paying off suppliers. A higher payables turnover ratio suggests that the company is paying off its suppliers quickly.

Looking at the data, we can see that the payables turnover ratio ranged from 12.19 to 61.99 over the past 20 quarters. The ratio showed a general increasing trend from 2019 to 2021, peaking at 61.99 in September 2020 before declining. However, in recent quarters, the ratio has been relatively stable around the 20 to 25 range.

Overall, the payables turnover ratio for Agilysys Inc indicates that the company has been effectively managing its accounts payable by paying suppliers in a timely manner. It is essential to continue monitoring this ratio to ensure that the company's payment practices remain efficient and sustainable.