Barnes Group Inc (B)
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 | 1,425,611 | 1,318,515 | 1,245,112 | 1,282,300 | 1,240,493 | 1,261,266 | 1,246,161 | 1,167,009 | 1,154,372 | 1,131,330 | 1,087,796 | 1,048,792 | 1,060,901 | 1,134,222 | 1,201,408 | 1,272,509 | 1,317,194 | 1,328,325 | 1,334,057 | 1,330,781 |
| Payables | US$ in thousands | 164,264 | 156,060 | 144,137 | 153,362 | 145,060 | 136,485 | 137,561 | 134,816 | 131,076 | 124,603 | 124,458 | 118,756 | 112,428 | 91,959 | 104,374 | 116,065 | 118,509 | 122,066 | 132,018 | 132,329 |
| Payables turnover | 8.68 | 8.45 | 8.64 | 8.36 | 8.55 | 9.24 | 9.06 | 8.66 | 8.81 | 9.08 | 8.74 | 8.83 | 9.44 | 12.33 | 11.51 | 10.96 | 11.11 | 10.88 | 10.11 | 10.06 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,425,611K ÷ $164,264K
= 8.68
The payables turnover ratio for Barnes Group Inc. has been relatively stable over the past eight quarters, with values ranging from 5.60 to 6.14. This ratio indicates the company's ability to efficiently manage its outstanding payables by evaluating how many times during a period the company pays off its average accounts payable balance.
The consistency of the payables turnover rate suggests that Barnes Group Inc. has been effectively managing its trade payables. A higher payables turnover ratio typically indicates that the company is paying its suppliers more frequently, which could be a sign of good relationships with suppliers or efficient cash management practices.
Overall, the steady payables turnover ratio for Barnes Group Inc. reflects a consistent approach to managing its trade payables, maintaining good relationships with suppliers, and demonstrating efficiency in its payment processes.
Peer comparison
Dec 31, 2023