CACI International Inc (CACI)

Payables turnover

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Cost of revenue	US$ in thousands	7,863,640	5,289,680	6,135,050	5,706,590	5,504,680
Payables	US$ in thousands	381,574	287,142	198,177	303,443	148,636
Payables turnover		20.61	18.42	30.96	18.81	37.03

June 30, 2025 calculation

Payables turnover = Cost of revenue ÷ Payables
= $7,863,640K ÷ $381,574K
= 20.61

The payables turnover ratio for CACI International Inc demonstrates significant fluctuations over the five-year period from June 30, 2021, to June 30, 2025.

In the fiscal year ending June 30, 2021, the ratio stood at 37.03, indicating a relatively rapid settlement of its accounts payable during that period. This high ratio suggests that the company was efficiently paying its suppliers, potentially reflecting either prompt payment practices or a shorter accounts payable cycle.

However, in the following fiscal year ending June 30, 2022, there was a notable decline to 18.81. This decrease suggests a considerable slowdown in the frequency of payments to suppliers compared to the previous year. Such a reduction could indicate extended payment terms, changes in supplier agreements, or strategic shifts in cash flow management.

The ratio then increased again in the fiscal year ending June 30, 2023, reaching 30.96. This rebound implies an improvement in the speed of payables turnover, approaching the levels observed in 2021 but still remaining below the prior peak. This adjustment may reflect operational or strategic changes aimed at accelerating supplier payments or better cash management.

Conversely, in the subsequent fiscal year ending June 30, 2024, the ratio declined to 18.42, similar to the level seen in 2022. This decline suggests a return to more extended payment cycles or a shift toward optimized cash flow management strategies.

Finally, in the fiscal year ending June 30, 2025, the ratio increased modestly to 20.61. Although higher than the 2024 figure, it remains significantly below the 2021 peak, indicating a somewhat stabilized but still extended accounts payable period.

Overall, the variations in CACI International Inc's payables turnover ratio reflect dynamic changes in payment practices, cash management strategies, or supplier relationships over the five-year span. The periods of decline followed by partial recoveries highlight ongoing adjustments in operational or financial management approaches.