Brunswick Corporation (BC)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 5,532,300 | 5,724,800 | 4,911,600 | 3,134,500 | 2,987,400 |
| Payables | US$ in thousands | 558,000 | 662,600 | 693,500 | 457,600 | 393,500 |
| Payables turnover | 9.91 | 8.64 | 7.08 | 6.85 | 7.59 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $5,532,300K ÷ $558,000K
= 9.91
The payables turnover ratio for Brunswick Corp. has shown a fluctuating trend over the past five years. In 2023, the payables turnover ratio increased to 8.27, indicating that the company was able to pay off its suppliers more frequently during the year compared to the previous year. This may suggest efficient management of payables and better liquidity position.
In 2022, the payables turnover ratio was 7.34, which was lower than 2023 but still higher than the ratios for 2021 and 2020. This indicates a moderate ability to pay off suppliers relative to the cost of goods sold during the year.
The payables turnover ratio was lowest in 2021 at 6.03, which may suggest that the company took longer to pay its suppliers compared to the previous years. However, it improved in 2022 and 2023.
Overall, Brunswick Corp.'s payables turnover has shown variations over the years, but the recent increase in the ratio in 2023 reflects a positive trend towards more efficient management of payables.
Peer comparison
Dec 31, 2023