Air Products and Chemicals Inc (APD)
Payables turnover
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | 6,004,500 | 6,079,500 | 6,158,900 |
| Payables | US$ in thousands | — | 1,212,900 | — | — | — | 1,120,700 | — | — | — | 736,800 | — | — | — | 546,200 | — | — | — | 519,300 | — | — |
| Payables turnover | — | 8.33 | — | — | — | 6.66 | — | — | — | 10.97 | — | — | — | 10.73 | — | — | — | 11.56 | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $9,902,300K ÷ $—K
= —
Based on the available data, the payables turnover for Air Products & Chemicals Inc. was 7.28 in Q4 2023 and 8.33 in Q4 2022. This indicates that the company took approximately 7.28 and 8.33 times to pay off its accounts payable in those respective periods.
A higher payables turnover ratio suggests that the company is managing its accounts payables more efficiently by paying them off quickly. This could potentially indicate good relationships with suppliers and efficient working capital management. However, it could also indicate that the company is taking advantage of early payment discounts from suppliers.
It is important for analysts to consider the payables turnover ratio in conjunction with other financial ratios and performance metrics to gain a more comprehensive understanding of Air Products & Chemicals Inc.'s financial health and operational efficiency.
Peer comparison
Dec 31, 2023
See also:
Air Products and Chemicals Inc Payables Turnover (Quarterly Data)