Amentum Holdings Inc. (AMTM)
Payables turnover
| Dec 31, 2024 | Sep 30, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 7,590,000 | 8,171,000 | 7,083,000 | 6,905,000 | 4,305,000 |
| Payables | US$ in thousands | — | 764,000 | — | — | — |
| Payables turnover | — | 10.70 | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $7,590,000K ÷ $—K
= —
The payables turnover ratio for Amentum Holdings Inc. provides insights into how efficiently the company is managing its accounts payable. The data shows that for the period ending September 30, 2024, the payables turnover ratio was 10.70. This indicates that, on average, Amentum Holdings Inc. is paying its suppliers approximately 10.70 times a year.
A high payables turnover ratio suggests that the company is effectively managing its payables by paying them off quickly. This could indicate good relationships with suppliers, efficient cash flow management, and potentially taking advantage of early payment discounts.
However, since there is missing data for other periods, it is important to consider trends over time to assess the consistency of the company's payables turnover. Tracking this ratio over multiple periods can help in identifying any changes in payment practices and the overall financial health of the company.
Peer comparison
Dec 31, 2024