CACI International Inc (CACI)
Payables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 7,010,120 | 6,135,050 | 5,706,590 | 5,504,680 | 5,262,350 |
| Payables | US$ in thousands | 287,142 | 198,177 | 303,443 | 148,636 | 89,961 |
| Payables turnover | 24.41 | 30.96 | 18.81 | 37.03 | 58.50 |
June 30, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $7,010,120K ÷ $287,142K
= 24.41
The payables turnover ratio of CACI International Inc has exhibited fluctuating trends over the past five years. The ratio decreased from 58.50 in June 2020 to 18.81 in June 2022, suggesting a significant decline in the company’s efficiency in paying off its suppliers. However, the ratio improved to 37.03 in June 2021 and further increased to 30.96 in June 2023, indicating a better ability to manage payables in these periods.
In June 2024, the payables turnover ratio of CACI International Inc further increased to 24.41, signifying a moderate improvement in the company's ability to efficiently settle its accounts payable. Overall, while the ratio has shown variability over the years, the recent uptrend in the payables turnover indicates enhanced efficiency in managing the company's payables.
Peer comparison
Jun 30, 2024