Celanese Corporation (CE)
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 | 9,612,000 | 9,638,000 | 9,251,000 | 8,805,000 | 8,212,000 | 7,677,000 | 7,436,000 | 7,053,000 | 6,534,000 | 6,146,000 | 5,630,000 | 5,122,000 | 4,915,000 | 4,809,000 | 4,905,000 | 5,183,000 | 5,291,000 | 5,448,000 | 5,534,000 | 5,624,000 |
| Payables | US$ in thousands | 1,510,000 | 1,263,000 | 1,243,000 | 1,445,000 | 1,518,000 | 1,128,000 | 1,250,000 | 1,169,000 | 1,160,000 | 1,042,000 | 998,000 | 906,000 | 797,000 | 699,000 | 599,000 | 724,000 | 780,000 | 764,000 | 764,000 | 699,000 |
| Payables turnover | 6.37 | 7.63 | 7.44 | 6.09 | 5.41 | 6.81 | 5.95 | 6.03 | 5.63 | 5.90 | 5.64 | 5.65 | 6.17 | 6.88 | 8.19 | 7.16 | 6.78 | 7.13 | 7.24 | 8.05 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $9,612,000K ÷ $1,510,000K
= 6.37
Celanese Corp's payables turnover ratio has shown fluctuations over the past eight quarters. The ratio peaked in Q3 2023 at 6.61 and hit a low of 4.80 in Q4 2022. On average, the payables turnover ratio has been relatively consistent around 5.5 to 6.5 times per year, indicating that the company pays its suppliers approximately 5.5 to 6.5 times per year on average. A higher payables turnover ratio suggests that the company is efficiently managing its accounts payable by paying off its suppliers more frequently. Conversely, a lower ratio may indicate that the company is taking longer to pay its suppliers. It is advisable to monitor any significant changes in the payables turnover ratio to assess Celanese Corp's payment practices and liquidity management.
Peer comparison
Dec 31, 2023