Chemours Co (CC)
Payables turnover
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 5,948,000 | 6,210,000 | 6,223,000 | 6,218,000 | 6,365,000 | 6,393,000 | 6,304,000 | 6,227,000 | 6,082,000 | 5,966,000 | 5,659,000 | 4,756,000 | 4,603,000 | 4,526,000 | 4,675,000 | 4,876,000 | 4,989,000 | 4,850,000 | 4,948,000 | 5,134,000 |
| Payables | US$ in thousands | 1,159,000 | 885,000 | 992,000 | 1,142,000 | 1,233,000 | 1,270,000 | 1,249,000 | 1,168,000 | 1,162,000 | 1,085,000 | 1,061,000 | 976,000 | 844,000 | 701,000 | 651,000 | 841,000 | 923,000 | 948,000 | 956,000 | 1,042,000 |
| Payables turnover | 5.13 | 7.02 | 6.27 | 5.44 | 5.16 | 5.03 | 5.05 | 5.33 | 5.23 | 5.50 | 5.33 | 4.87 | 5.45 | 6.46 | 7.18 | 5.80 | 5.41 | 5.12 | 5.18 | 4.93 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $5,948,000K ÷ $1,159,000K
= 5.13
The payables turnover ratio for Chemours Co has shown some fluctuations over the past few quarters. The ratio indicates how efficiently the company is managing its accounts payable. A higher turnover ratio suggests that the company is paying off its suppliers more quickly.
In the most recent quarter, ending December 31, 2023, the payables turnover ratio was 5.13, showing a slight decrease from the previous quarter's ratio of 7.02. This could indicate that the company took longer to pay its suppliers compared to the previous quarter.
Looking at the trend over the past few quarters, the payables turnover ratio has generally stayed within a range of 5 to 7, with some variability. However, the ratio has shown a general upward trend, peaking in the third quarter of 2020 at 7.18. This suggests that the company has been improving its efficiency in managing its payables over time.
Overall, the payables turnover ratio for Chemours Co indicates that the company is maintaining a fairly efficient payment cycle with its suppliers, although there have been some fluctuations in recent quarters. Further analysis would be needed to understand the reasons behind these fluctuations and to assess the overall effectiveness of the company's accounts payable management.
Peer comparison
Dec 31, 2023