CACI International Inc (CACI)

Payables turnover

		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	Dec 31, 2019	Sep 30, 2019
Cost of revenue (ttm)	US$ in thousands	7,010,120	6,723,880	6,556,970	6,374,890	6,135,050	6,103,170	5,972,550	5,815,670	5,706,580	6,801,540	6,343,160	5,928,621	5,504,685	5,412,275	5,365,665	5,323,401	5,262,348	4,030,158	4,246,578	4,421,091
Payables	US$ in thousands	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	89,961	174,641	135,125	92,616
Payables turnover		24.41	18.50	21.96	17.88	30.96	18.88	22.06	25.36	18.81	31.20	29.12	49.75	37.03	49.34	88.42	67.09	58.50	23.08	31.43	47.74

June 30, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $7,010,120K ÷ $287,142K
= 24.41

The payables turnover ratio for CACI International Inc has varied over the past few quarters, with a range of values observed. The payables turnover ratio measures how efficiently the company is managing its accounts payable by assessing how many times a company pays off its average accounts payable balance during a specific period.

The trend analysis indicates that the payables turnover ratio has generally been fluctuating, with some quarters showing higher values and others showing lower values. For example, there was a significant increase in the payables turnover ratio in the March 2023 quarter, followed by a decrease in the subsequent quarter. This pattern suggests fluctuations in the company's ability to manage its payables efficiently.

Overall, the payables turnover ratio for CACI International Inc appears to be quite volatile, potentially indicating fluctuations in the company's payment practices or relationships with suppliers. Analyzing this ratio in conjunction with other financial metrics can provide a more comprehensive understanding of the company's liquidity position and operational efficiency.