Air Products and Chemicals Inc (APD)
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 | 9,238,600 | 9,344,400 | 9,471,800 | 9,902,300 | 10,103,400 | 7,668,400 | 7,859,000 | 7,518,000 | 7,467,700 | 9,668,700 | 9,124,900 | 8,702,100 | 8,080,800 | 7,372,600 | 6,702,300 | 6,206,600 | 5,858,100 | 5,782,400 | 5,903,500 | 5,918,100 |
| Payables | US$ in thousands | 1,451,600 | — | — | — | 1,212,900 | — | — | — | 1,120,700 | — | — | — | 736,800 | — | — | — | 546,200 | — | — | — |
| Payables turnover | 6.36 | — | — | — | 8.33 | — | — | — | 6.66 | — | — | — | 10.97 | — | — | — | 10.73 | — | — | — |
September 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $9,238,600K ÷ $1,451,600K
= 6.36
The payables turnover ratio for Air Products and Chemicals Inc has fluctuated over the past few quarters. As of September 30, 2024, the payables turnover ratio stands at 6.36, which indicates that the company is able to turn over its accounts payable approximately 6.36 times during the period.
The lack of data for certain quarters makes it difficult to track a consistent trend, but comparing the available data points reveals some variability in the company's management of its accounts payable. For example, the payables turnover ratio was higher in the past, reaching 10.97 as of December 31, 2021, and 10.73 as of September 30, 2020.
A higher payables turnover ratio generally suggests that the company is efficiently managing its payables by paying off suppliers more quickly. On the other hand, a lower ratio may indicate that the company is taking longer to pay its suppliers, which could impact relationships or cash flow management.
It would be beneficial to monitor future quarterly results to identify any emerging trends in Air Products and Chemicals Inc's payables turnover ratio and assess the company's liquidity and efficiency in managing its payables.
Peer comparison
Sep 30, 2024
See also:
Air Products and Chemicals Inc Payables Turnover (Quarterly Data)