AptarGroup Inc (ATR)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 64,316 | 95,123 | 54,958 | 72,727 | 2,023,330 |
| Payables | US$ in thousands | 295,967 | 328,571 | 320,281 | 285,262 | 243,742 |
| Payables turnover | 0.22 | 0.29 | 0.17 | 0.25 | 8.30 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $64,316K ÷ $295,967K
= 0.22
AptarGroup Inc's payables turnover has shown fluctuations over the years. In 2020, the payables turnover was notably high at 8.30, indicating that the company was efficiently managing its accounts payable by paying off suppliers quickly. However, there was a significant drop in payables turnover in 2021 to 0.25, suggesting a lengthening of the payment period to suppliers.
The trend continued in 2022 with a further decrease to 0.17, indicating that the company took longer to settle its payables compared to the previous year. The payables turnover improved slightly in 2023 to 0.29, but still remained relatively low compared to historical levels.
By the end of 2024, the payables turnover stood at 0.22, suggesting that the company had made some progress in managing its payables more efficiently compared to 2022 and 2023, but still below the levels observed in 2020.
Overall, AptarGroup Inc's payables turnover has fluctuated, indicating varying payment practices and efficiencies in managing its accounts payable over the years. It is important for the company to closely monitor and optimize its payables turnover to ensure effective cash flow management and supplier relationships.
Peer comparison
Dec 31, 2024