Cardinal Health Inc (CAH)
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 | 219,413,000 | 213,184,000 | 208,922,000 | 203,129,000 | 198,123,000 | 191,995,000 | 186,447,000 | 180,482,000 | 174,819,000 | 170,432,000 | 164,741,000 | 160,665,000 | 155,689,000 | 149,677,000 | 149,486,000 | 147,742,000 | 146,054,000 | 146,634,000 | 142,826,000 | 140,815,000 |
| Payables | US$ in thousands | 31,759,000 | 32,089,000 | 34,259,000 | 31,540,000 | 29,934,000 | 29,601,000 | 30,083,000 | 28,362,000 | 27,128,000 | 24,821,000 | 24,759,000 | 23,408,000 | 23,700,000 | 22,641,000 | 23,235,000 | 21,688,000 | 21,374,000 | 21,984,000 | 21,459,000 | 19,724,000 |
| Payables turnover | 6.91 | 6.64 | 6.10 | 6.44 | 6.62 | 6.49 | 6.20 | 6.36 | 6.44 | 6.87 | 6.65 | 6.86 | 6.57 | 6.61 | 6.43 | 6.81 | 6.83 | 6.67 | 6.66 | 7.14 |
June 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $219,413,000K ÷ $31,759,000K
= 6.91
The payables turnover for Cardinal Health Inc has shown some fluctuations over the past few quarters, ranging from a low of 6.10 to a high of 7.14. On average, the company's payables turnover ratio has been relatively stable, with an average value of around 6.60.
A payables turnover ratio of 6.60 indicates that Cardinal Health Inc is able to effectively manage its accounts payable by paying off its suppliers approximately 6.60 times a year. A higher payables turnover ratio generally reflects efficient management of trade credit and strong supplier relationships.
Overall, Cardinal Health Inc's payables turnover ratio within the range of 6.10 to 7.14 suggests that the company is able to manage its payables effectively, meeting its financial obligations to suppliers in a timely manner.
Peer comparison
Jun 30, 2024