B&G Foods Inc (BGS)

Payables turnover

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Cost of revenue (ttm) US$ in thousands 1,622,047 1,701,225 1,866,640 1,886,293 1,845,195 2,003,307 2,007,244 2,038,719 2,072,089 2,065,464 1,947,126 1,900,213 1,860,186 1,776,455 1,723,213 1,745,476 1,691,450 1,649,758 1,582,266 1,478,529
Payables US$ in thousands 113,209 175,739 126,210 132,907 123,778 182,191 136,308 131,316 127,809 228,248 164,118 152,309 129,861 202,675 119,578 125,165 126,537 185,362 122,887 102,629
Payables turnover 14.33 9.68 14.79 14.19 14.91 11.00 14.73 15.53 16.21 9.05 11.86 12.48 14.32 8.77 14.41 13.95 13.37 8.90 12.88 14.41

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,622,047K ÷ $113,209K
= 14.33

The payables turnover ratio reflects how efficiently B&G Foods Inc manages its trade payables by measuring the company's ability to pay off its suppliers. A higher payables turnover ratio indicates that the company is paying its suppliers more frequently, which can be a sign of effective cash management or advantageous payment terms negotiated with suppliers.

Based on the data provided, B&G Foods Inc's payables turnover ratio fluctuated over the periods presented. The ratio ranged from a low of 8.77 on September 30, 2021, to a high of 16.21 on December 31, 2022. Generally, a decreasing trend in the payables turnover ratio may suggest a slower rate of payment to suppliers, while an increasing trend may indicate a more prompt payment.

It is important to note that the interpretation of the payables turnover ratio should be considered in conjunction with other financial measures and industry benchmarks to gain a comprehensive understanding of B&G Foods Inc's financial performance and efficiency in managing its payables.