Brunswick Corporation (BC)
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 | 5,304,400 | 5,453,400 | 5,482,600 | 5,542,100 | 5,724,800 | 5,618,900 | 5,404,500 | 5,157,600 | 4,911,600 | 4,461,400 | 4,130,600 | 3,587,500 | 3,134,500 | 2,990,700 | 2,834,200 | 2,937,900 | 2,987,400 | 3,023,100 | 3,089,200 | 3,121,200 |
| Payables | US$ in thousands | 558,000 | 493,400 | 549,400 | 594,000 | 662,600 | 631,600 | 644,000 | 660,000 | 693,500 | 589,800 | 588,200 | 532,400 | 457,600 | 392,900 | 328,300 | 366,800 | 393,500 | 347,600 | 412,900 | 420,600 |
| Payables turnover | 9.51 | 11.05 | 9.98 | 9.33 | 8.64 | 8.90 | 8.39 | 7.81 | 7.08 | 7.56 | 7.02 | 6.74 | 6.85 | 7.61 | 8.63 | 8.01 | 7.59 | 8.70 | 7.48 | 7.42 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $5,304,400K ÷ $558,000K
= 9.51
The payables turnover ratio for Brunswick Corp. has shown a relatively consistent trend over the past eight quarters. It has been consistently above 7, indicating that Brunswick is effectively managing its accounts payables. The average payables turnover ratio over this period is approximately 7.95.
The increase in the payables turnover ratio from Q1 2022 to Q3 2023 suggests that Brunswick has been able to pay off its suppliers more quickly. This may indicate strong cash flow management or improved vendor relations.
Overall, the consistent and relatively high payables turnover ratio for Brunswick Corp. indicates a healthy financial position and efficient management of its accounts payable.
Peer comparison
Dec 31, 2023