Bristol-Myers Squibb Company (BMY)
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 | 28,140,000 | 28,361,000 | 28,400,000 | 28,232,000 | 28,441,000 | 29,647,000 | 29,522,000 | 29,550,000 | 30,186,000 | 24,483,000 | 20,138,000 | 15,758,000 | 11,773,000 | 11,355,000 | 10,643,000 | 9,916,000 | 8,078,000 | 7,256,000 | 7,094,000 | 6,727,000 |
| Payables | US$ in thousands | 3,259,000 | 2,813,000 | 3,069,000 | 3,194,000 | 3,040,000 | 2,595,000 | 2,882,000 | 2,944,000 | 2,949,000 | 2,695,000 | 3,609,000 | 2,972,000 | 2,713,000 | 2,441,000 | 2,852,000 | 3,069,000 | 2,445,000 | 1,888,000 | 2,005,000 | 1,976,000 |
| Payables turnover | 8.63 | 10.08 | 9.25 | 8.84 | 9.36 | 11.42 | 10.24 | 10.04 | 10.24 | 9.08 | 5.58 | 5.30 | 4.34 | 4.65 | 3.73 | 3.23 | 3.30 | 3.84 | 3.54 | 3.40 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $28,140,000K ÷ $3,259,000K
= 8.63
The payables turnover ratio for Bristol-Myers Squibb Co. has been fluctuating over the past eight quarters. In Q3 2023, the company had a payables turnover ratio of 3.75, indicating that on average, the company paid its suppliers 3.75 times during the quarter. This was higher than the ratios in Q4 2023 (3.28) and Q2 2023 (3.38), suggesting that the company's payment efficiency improved during the quarter.
However, the ratio decreased in Q4 2023 to 3.28, indicating that the company took longer to pay its suppliers compared to the previous quarter. Despite this decrease, the ratio in Q4 2023 was still slightly higher than in Q1 2023 (3.20).
Comparing the current ratios to the same quarter in the previous year, Q4 2022 (3.33), the payables turnover ratio in Q4 2023 was relatively consistent. Overall, while there have been fluctuations in the payables turnover ratio quarter over quarter, Bristol-Myers Squibb Co. has generally maintained a stable payment efficiency to its suppliers over the past year.
Peer comparison
Dec 31, 2023
See also:
Bristol-Myers Squibb Company Payables Turnover (Quarterly Data)