BWX Technologies Inc (BWXT)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,048,450 | 1,875,720 | 1,680,900 | 1,573,800 | 1,548,120 |
| Payables | US$ in thousands | 158,077 | 126,651 | 127,112 | 189,842 | 184,392 |
| Payables turnover | 12.96 | 14.81 | 13.22 | 8.29 | 8.40 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $2,048,450K ÷ $158,077K
= 12.96
The payables turnover ratio of BWX Technologies Inc has exhibited fluctuations over the years based on the provided data. In 2020, the company had a payables turnover of 8.40, which decreased slightly to 8.29 in 2021. However, there was a significant improvement in efficiency in managing its payables as seen by the substantial increase to 13.22 in 2022, further increasing to 14.81 in 2023. This suggests that the company is paying its suppliers more frequently within a year.
The notable decrease to 12.96 in 2024 indicates a slight slowdown in the turnover of payables compared to the previous year. Overall, the trend indicates that BWX Technologies Inc has been effectively managing its accounts payable by making more frequent payments to suppliers from 2020 to 2023, which could result in better supplier relationships and potential cost savings through early payment discounts. However, the decrease in 2024 may suggest a shift in payment strategies or external factors influencing the company's payables turnover.
Peer comparison
Dec 31, 2024