Colgate-Palmolive Company (CL)
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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 7,940,000 | 7,977,000 | 8,056,000 | 8,099,000 | 8,131,000 | 8,186,000 | 8,055,000 | 7,950,000 | 7,719,000 | 7,508,000 | 7,392,000 | 7,166,000 | 7,046,000 | 6,883,000 | 6,705,000 | 6,529,000 | 6,454,000 | 6,374,000 | 6,373,000 | 6,403,000 |
| Payables | US$ in thousands | 1,805,000 | 1,625,000 | 1,557,000 | 1,646,000 | 1,698,000 | 1,482,000 | 1,544,000 | 1,609,000 | 1,551,000 | 1,541,000 | 1,507,000 | 1,582,000 | 1,479,000 | 1,258,000 | 1,272,000 | 1,306,000 | 1,393,000 | 1,225,000 | 1,189,000 | 1,216,000 |
| Payables turnover | 4.40 | 4.91 | 5.17 | 4.92 | 4.79 | 5.52 | 5.22 | 4.94 | 4.98 | 4.87 | 4.91 | 4.53 | 4.76 | 5.47 | 5.27 | 5.00 | 4.63 | 5.20 | 5.36 | 5.27 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $7,940,000K ÷ $1,805,000K
= 4.40
The payables turnover ratio for Colgate-Palmolive Company has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio measures how many times a company pays off its accounts payable during a specific period. A higher payables turnover ratio generally indicates that the company is paying off its suppliers more quickly.
From the data provided, we observe that the payables turnover ratio ranged from a low of 4.40 on December 31, 2024, to a high of 5.52 on September 30, 2023. Noteworthy is the dip in the ratio from September 30, 2021, to December 31, 2021, followed by a slight recovery in the subsequent periods.
Overall, the payables turnover ratio for Colgate-Palmolive Company appears to be relatively stable, staying within a range between 4.40 and 5.52 throughout the period under review. It is important for investors and analysts to further investigate the reasons behind these fluctuations, as they could be indicative of changes in the company's payment policies, relationships with suppliers, or overall financial health.
Peer comparison
Dec 31, 2024
See also:
Colgate-Palmolive Company Payables Turnover (Quarterly Data)