AptarGroup Inc (ATR)
Payables turnover
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 64,316 | 87,242 | 88,399 | 87,943 | 95,123 | 71,722 | 67,482 | 65,985 | 54,779 | 55,796 | 64,939 | 70,715 | 72,727 | 574,361 | 1,076,154 | 1,543,745 | 2,023,334 | 1,982,769 | 1,943,660 | 1,968,771 |
| 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 (ttm) ÷ Payables
= $64,316K ÷ $295,967K
= 0.22
The payables turnover ratio reflects how efficiently a company manages its suppliers by measuring how quickly it pays its bills. In the case of AptarGroup Inc, the payables turnover ratio has varied over the observation period.
From December 31, 2020, to December 31, 2024, the payables turnover ratio fluctuated between 0.17 and 0.29. A low payables turnover ratio indicates that the company is taking longer to pay its suppliers, which could signal strained supplier relationships or potential liquidity issues.
It is important to note that the absence of data for certain quarters indicates either missing information or no payable turnover for those periods. Proper analysis and interpretation of the payables turnover ratio require a comparison with industry averages and historical performance to assess whether the company's payables management is improving or deteriorating over time.
Peer comparison
Dec 31, 2024