Church & Dwight Company Inc (CHD)
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 | 3,279,400 | 3,266,200 | 3,224,200 | 3,188,700 | 3,125,600 | 3,079,600 | 3,044,200 | 2,983,300 | 2,926,600 | 2,877,000 | 2,820,600 | 2,736,400 | 2,681,600 | 2,563,900 | 2,469,800 | 2,433,000 | 2,373,700 | 2,353,600 | 2,349,400 | 2,324,500 |
| Payables | US$ in thousands | 630,600 | 691,800 | 677,700 | 651,500 | 666,700 | 655,600 | 667,200 | 655,000 | 663,800 | 617,500 | 566,800 | 547,300 | 588,100 | 580,800 | 516,700 | 460,100 | 473,300 | 449,000 | 469,500 | 434,800 |
| Payables turnover | 5.20 | 4.72 | 4.76 | 4.89 | 4.69 | 4.70 | 4.56 | 4.55 | 4.41 | 4.66 | 4.98 | 5.00 | 4.56 | 4.41 | 4.78 | 5.29 | 5.02 | 5.24 | 5.00 | 5.35 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $3,279,400K ÷ $630,600K
= 5.20
Church & Dwight Co., Inc. has consistently demonstrated a healthy payables turnover ratio, ranging from 4.55 to 5.20 over the past eight quarters. The company efficiently manages its accounts payable, with an average payables turnover of approximately 4.80 during this period. This indicates that the company is able to pay off its trade payables multiple times throughout the year, suggesting strong liquidity and effective management of its working capital. The increasing trend in the payables turnover ratio from Q2 2022 to Q4 2023 reflects a potential improvement in the company's ability to settle its payables more quickly. Overall, a high payables turnover ratio signals that Church & Dwight Co., Inc. is effectively utilizing its suppliers' credit terms to support its operations and optimize cash flow management.
Peer comparison
Dec 31, 2023