CF Industries Holdings Inc (CF)
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 | 4,086,000 | 4,368,000 | 4,877,000 | 5,304,000 | 5,325,000 | 5,358,000 | 4,875,000 | 4,562,000 | 4,151,000 | 3,688,000 | 3,530,000 | 3,315,000 | 3,323,000 | 3,223,000 | 3,269,000 | 3,402,000 | 3,416,000 | 3,484,000 | 3,541,000 | 3,526,000 |
| Payables | US$ in thousands | 114,000 | — | — | — | 63,000 | — | — | — | 110,000 | — | — | — | 85,000 | — | — | — | 78,000 | — | — | — |
| Payables turnover | 35.84 | — | — | — | 84.52 | — | — | — | 37.74 | — | — | — | 39.09 | — | — | — | 43.79 | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $4,086,000K ÷ $114,000K
= 35.84
The payables turnover ratio for CF Industries Holdings Inc fluctuated significantly from one quarter to another, as shown in the table provided. In Q4 2023, the payables turnover was 35.84, which indicates that the company's payables turnover slowed down compared to Q4 2022 when it was 84.52. The lack of data for the remaining quarters of 2023 makes it challenging to observe any trend or pattern in the payables turnover performance for the year. Further analysis would be needed to understand the reasons behind the fluctuations in payables turnover and how it may impact the company's liquidity and efficiency in managing its payables.
Peer comparison
Dec 31, 2023