CACI International Inc (CACI)
Payables turnover
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 7,863,640 | 7,130,400 | 6,485,810 | 6,267,930 | 6,103,680 | 6,293,750 | 6,556,970 | 6,374,890 | 6,135,050 | 6,103,170 | 5,972,550 | 5,815,670 | 5,706,580 | 5,636,110 | 5,177,730 | 4,763,191 | 4,724,401 | 5,413,061 | 5,366,451 | 5,324,187 |
| Payables | US$ in thousands | 381,574 | 305,108 | 243,356 | 263,535 | 287,142 | 363,451 | 298,544 | 356,439 | 198,177 | 323,346 | 270,768 | 229,366 | 303,443 | 218,026 | 217,795 | 119,176 | 148,636 | 109,695 | 60,683 | 79,343 |
| Payables turnover | 20.61 | 23.37 | 26.65 | 23.78 | 21.26 | 17.32 | 21.96 | 17.88 | 30.96 | 18.88 | 22.06 | 25.36 | 18.81 | 25.85 | 23.77 | 39.97 | 31.79 | 49.35 | 88.43 | 67.10 |
June 30, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $7,863,640K ÷ $381,574K
= 20.61
The payables turnover ratio for CACI International Inc has exhibited notable fluctuations over the analyzed period. Starting at a high of 67.10 times as of September 30, 2020, the ratio experienced a significant decline by March 31, 2021, reaching 49.35, and then continued to decrease markedly to 31.79 by June 30, 2021. This declining trend persisted into September 2021, with a ratio of 39.97, and further to 23.77 by December 31, 2021.
Throughout 2022, the ratio maintained a generally downward trajectory, reaching a low of 18.81 on June 30, 2022, before a slight increase to 25.36 on September 30, 2022, and a modest decline thereafter, with values around 22.06 at year-end and 18.88 in March 2023.
In the subsequent period, the ratio demonstrated some variability, rising to 30.96 in June 2023 but then declining again to 17.88 on September 30, 2023. The ratio subsequently increased to 21.96 by December 2023 and reached 17.32 in March 2024.
From March 2024 onwards, the ratio showed a trend of gradual stabilization with intermittent increases and decreases, recording 21.26 in June 2024 and 23.78 in September 2024, before reaching 26.65 in December 2024. Continuing into 2025, the ratios remained relatively stable with values around 20.61 and 23.37 respectively.
Overall, the pattern indicates a significant initial decrease in payables turnover from late 2020 through mid-2022, suggesting that the company was taking longer to pay its suppliers during this period. The fluctuations thereafter imply periods of relative easing and tightening of payment practices, without a clear long-term upward or downward trend in recent periods. This variability may reflect changes in supplier terms, cash management strategies, or operational adjustments.
Peer comparison
Jun 30, 2025