Boise Cascad Llc (BCC)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 6,103,580 | 7,140,520 | 6,876,800 | 5,060,590 | 4,433,020 |
| Payables | US$ in thousands | — | 269,785 | 334,985 | 307,653 | 222,930 |
| Payables turnover | — | 26.47 | 20.53 | 16.45 | 19.89 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $6,103,580K ÷ $—K
= —
Boise Cascade Co's payables turnover has exhibited fluctuating trends over the past five years. In 2023, the payables turnover ratio stood at 17.36, indicating that the company paid its suppliers approximately 17.36 times during the year. This represents a decrease from the previous year when the ratio was 23.90.
The substantial decrease in payables turnover from 2022 to 2023 may suggest that the company took longer to pay its suppliers in 2023 compared to 2022. Despite the decrease in 2023, the payables turnover ratio remains relatively high, which could imply that Boise Cascade Co effectively manages its accounts payable and has strong supplier relationships.
It is worth noting that there were no values reported for 2020 and 2019, which implies that the company may have had significant changes in payables management or reporting practices during those years. Overall, further analysis and comparison with industry benchmarks would provide deeper insights into Boise Cascade Co's payables turnover performance and efficiency in managing its payables.
Peer comparison
Dec 31, 2023