Armstrong World Industries Inc (AWI)

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	1,507,000	1,451,800	1,448,100	1,449,400	1,427,400	1,405,900	1,382,900	1,353,400	1,340,100	1,241,800	1,195,400	1,128,700	1,096,500	1,068,400	1,077,700	1,115,300	1,128,700	1,123,600	1,117,500	1,118,300
Payables	US$ in thousands	118,300	119,600	120,900	115,500	127,400	129,800	132,400	116,800	126,100	115,500	105,300	93,300	98,000	80,200	71,900	74,800	89,400	83,300	82,000	98,400
Payables turnover		12.74	12.14	11.98	12.55	11.20	10.83	10.44	11.59	10.63	10.75	11.35	12.10	11.19	13.32	14.99	14.91	12.63	13.49	13.63	11.36

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,507,000K ÷ $118,300K
= 12.74

I'm sorry, but without the specific numerical data for payables turnover for Armstrong World Industries Inc. provided in the table, it is not possible to conduct a detailed analysis of the company's payables turnover trend over the given quarters. To analyze the payables turnover effectively, we would need the relevant figures for each quarter to calculate the turnover ratio. This ratio is essential in assessing how efficiently a company is managing its accounts payable to pay off its short-term liabilities. If you can provide the specific data for payables turnover for each quarter, I would be happy to assist you in conducting a thorough analysis.