BWX Technologies Inc (BWXT)
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 | 2,048,447 | 2,232,989 | 2,083,256 | 1,964,304 | 1,875,716 | 1,802,541 | 1,765,526 | 1,707,202 | 1,680,899 | 1,660,752 | 1,623,001 | 1,585,818 | 1,573,797 | 1,544,512 | 1,556,765 | 1,548,482 | 1,548,119 | 1,495,426 | 1,479,375 | 1,449,864 |
| Payables | US$ in thousands | 158,077 | 172,206 | 164,306 | 147,841 | 126,651 | 151,433 | 144,437 | 137,583 | 127,112 | 146,543 | 150,167 | 141,131 | 189,842 | 137,936 | 143,878 | 146,958 | 184,392 | 162,482 | 141,459 | 123,975 |
| Payables turnover | 12.96 | 12.97 | 12.68 | 13.29 | 14.81 | 11.90 | 12.22 | 12.41 | 13.22 | 11.33 | 10.81 | 11.24 | 8.29 | 11.20 | 10.82 | 10.54 | 8.40 | 9.20 | 10.46 | 11.69 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,048,447K ÷ $158,077K
= 12.96
The payables turnover ratio for BWX Technologies Inc has fluctuated over the past few years, ranging from a low of 8.29 in December 2021 to a high of 14.81 in December 2023. This ratio measures how efficiently the company is managing its accounts payable by calculating the number of times the company pays off its suppliers during a specific period.
A higher payables turnover ratio indicates that the company is paying off its suppliers more quickly, which could be a sign of strong liquidity and effective working capital management. Conversely, a lower ratio could suggest that the company is taking longer to pay its suppliers, which may result in strained supplier relationships or missed discounts for early payment.
BWX Technologies Inc's payables turnover ratio trended upwards from December 2021 to December 2023, indicating an improvement in the company's ability to manage its accounts payable efficiently. This may be attributed to better cash flow management or renegotiation of payment terms with suppliers.
However, the ratio declined slightly in the most recent period ending December 2024, suggesting a potential slowdown in the company's payables turnover efficiency. It is essential for BWX Technologies Inc to monitor and address this trend to ensure optimal working capital management and maintain positive supplier relationships.
Peer comparison
Dec 31, 2024