Boise Cascad Llc (BCC)
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 | 6,103,580 | 6,064,020 | 6,268,130 | 6,627,970 | 7,140,530 | 7,225,640 | 7,129,690 | 7,182,960 | 6,876,800 | 5,347,790 | 5,028,850 | 4,187,110 | 3,700,190 | 4,752,710 | 4,547,280 | 3,491,102 | 2,484,782 | 1,571,826 | 487,770 | 488,646 |
| Payables | US$ in thousands | — | — | — | 400,455 | 269,785 | 398,397 | 435,843 | 493,732 | 334,985 | 412,097 | 507,237 | 457,132 | 307,653 | 381,038 | 320,839 | 307,224 | 222,930 | 286,704 | 273,570 | 284,518 |
| Payables turnover | — | — | — | 16.55 | 26.47 | 18.14 | 16.36 | 14.55 | 20.53 | 12.98 | 9.91 | 9.16 | 12.03 | 12.47 | 14.17 | 11.36 | 11.15 | 5.48 | 1.78 | 1.72 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $6,103,580K ÷ $—K
= —
Boise Cascade Co's payables turnover has shown fluctuating trends over the past eight quarters. In Q4 2023, the payables turnover ratio was 17.36, indicating that the company paid its accounts payable approximately 17.36 times during the quarter. This represents an increase from the previous quarter and is higher than the ratios seen throughout most of the past two years.
The payables turnover ratio has generally been trending upward since Q1 2022, where it was at 13.28. The Q4 2022 ratio was significantly higher at 23.90, suggesting that the company was paying its suppliers more frequently during that period. The ratio then decreased in the following quarters but has shown signs of improvement in the most recent quarter.
A high payables turnover ratio can indicate that Boise Cascade Co is efficiently managing its accounts payable by paying them off quickly. This could potentially signal good relationships with suppliers and effective cash management practices. However, a very high ratio could also suggest aggressive tactics that may strain vendor relationships.
Overall, while the recent increase in payables turnover is a positive indicator, it would be beneficial to monitor future ratios to assess the consistency of the trend and understand the underlying factors influencing Boise Cascade Co's payables management strategy.
Peer comparison
Dec 31, 2023