Carrier Global Corp (CARR)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 21,040,000 | 4,572,000 | 4,418,000 | 4,047,000 | 3,637,000 | 3,297,000 | 3,046,000 | 2,840,000 | 2,671,000 | 2,816,000 | 2,920,000 | 3,112,000 | 3,246,000 | 3,232,000 | 3,154,000 | 2,973,000 | 2,982,000 |
| Payables | US$ in thousands | 2,458,000 | 2,829,000 | 3,181,000 | 3,074,000 | 2,483,000 | 2,887,000 | 2,956,000 | 2,926,000 | 2,833,000 | 2,817,000 | 2,403,000 | 2,519,000 | 2,334,000 | 2,158,000 | 2,362,000 | 2,175,000 | 1,936,000 |
| Payables turnover | 8.56 | 1.62 | 1.39 | 1.32 | 1.46 | 1.14 | 1.03 | 0.97 | 0.94 | 1.00 | 1.22 | 1.24 | 1.39 | 1.50 | 1.34 | 1.37 | 1.54 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $21,040,000K ÷ $2,458,000K
= 8.56
The payables turnover ratio for Carrier Global Corp has fluctuated over the periods provided. The ratio started at 1.54 on December 31, 2020, indicating that the company's payables were turned over approximately 1.54 times during that period.
Subsequently, the ratio decreased to 1.37 on March 31, 2021, suggesting a slight slowdown in the turnover of payables. This trend continued with fluctuations in the ratio, reaching a low of 0.94 on December 31, 2022, indicating a potential delay in paying off suppliers.
However, there was a significant spike in the payables turnover ratio to 8.56 on December 31, 2024, which may suggest more efficient management of payables or a strategic change in payment terms with suppliers.
Overall, the payables turnover ratio for Carrier Global Corp has shown variability, which could indicate changes in the company's payment policies, relationships with suppliers, or operational efficiency over the periods analyzed.
Peer comparison
Dec 31, 2024