Peabody Energy Corp (BTU)
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 | 692,000 | 701,000 | 698,600 | 665,400 | 666,300 | 453,900 | 457,200 | 462,600 | 461,700 | 486,100 | 503,800 | 1,951,500 | 1,967,800 | 1,885,800 | 1,905,300 | 473,300 | 376,100 | 96,000 | 63,400 | 52,700 |
| Payables | US$ in thousands | 275,800 | — | — | — | 240,700 | — | — | — | 201,700 | — | — | — | 146,300 | — | — | — | 254,800 | — | — | — |
| Payables turnover | 2.51 | — | — | — | 2.77 | — | — | — | 2.29 | — | — | — | 13.45 | — | — | — | 1.48 | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $692,000K ÷ $275,800K
= 2.51
Peabody Energy Corp's payables turnover ratio has fluctuated over the past few quarters. As of December 31, 2023, the payables turnover ratio stood at 2.51, a decrease from the previous quarter's ratio of 2.77 on September 30, 2022. There were no reported figures for the payables turnover ratio in the interim quarters of 2023.
Looking back at historical data, the payables turnover ratio was notably high at 13.45 on December 31, 2021, which indicates that the company was paying off its payables at a much faster rate compared to other periods. Prior to December 31, 2021, the payables turnover ratio ranged between 1.48 and 2.77, showcasing fluctuations in the efficiency of Peabody Energy's payables management over the past few years.
Overall, a higher payables turnover ratio indicates that the company is efficiently managing its accounts payables by paying off its suppliers more frequently, which can be positive for cash flow management. Monitoring changes in the payables turnover ratio can provide insights into Peabody Energy Corp's financial health and operational efficiency in managing its trade credit obligations.
Peer comparison
Dec 31, 2023