ANGI Homeservices Inc (ANGI)
Payables turnover
| Mar 31, 2025 | Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 58,096 | 81,427 | 106,404 | 120,391 | 137,901 | 143,596 | 204,673 | 284,993 | 381,102 | 438,059 | 438,707 | 429,117 | 371,050 | 325,880 | 273,756 | 222,542 | 193,880 | 173,281 | 134,972 | 100,031 |
| Payables | US$ in thousands | 28,684 | 18,319 | 33,147 | 20,943 | 30,534 | 29,467 | 52,790 | 36,925 | 31,017 | 30,393 | 50,354 | 41,700 | 56,558 | 38,860 | 39,491 | 53,230 | 35,251 | 30,805 | 42,973 | 44,600 |
| Payables turnover | 2.03 | 4.44 | 3.21 | 5.75 | 4.52 | 4.87 | 3.88 | 7.72 | 12.29 | 14.41 | 8.71 | 10.29 | 6.56 | 8.39 | 6.93 | 4.18 | 5.50 | 5.63 | 3.14 | 2.24 |
March 31, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $58,096K ÷ $28,684K
= 2.03
The payables turnover ratio for ANGI Homeservices Inc demonstrates significant fluctuations over the analyzed period, reflecting variations in the company's management of its accounts payable relative to its cost of goods sold or operating expenses. Starting from a low of 2.24 as of June 30, 2020, the ratio experienced a steady upward trend, reaching a peak of 14.41 on December 31, 2022. This indicates that during this timeframe, the company was able to repay its payables more frequently within the reporting periods, suggesting improved efficiency in managing its accounts payable or increased purchasing activity.
Following the peak at the end of 2022, the ratio exhibited a downward trend, declining to 3.21 by September 30, 2024. The ratio continued to oscillate within a relatively lower range through early 2025, with a value of 2.03 as of March 31, 2025. These declines could suggest extended payment periods to suppliers, potentially reflecting shifts in payment policies, liquidity constraints, or supply chain negotiations.
Overall, the pattern indicates periods of strengthening and weakening in payables management, with notably high turnover ratios late in 2022, followed by periods of decreased frequency in payments. This volatility may be attributable to strategic changes, seasonal factors, or external economic influences affecting the company's liquidity management and supplier relationships.
Peer comparison
Mar 31, 2025