Coty Inc (COTY)

Payables turnover

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Cost of revenue	US$ in thousands	5,571,300	5,010,600	5,050,600	4,629,400	6,046,600
Payables	US$ in thousands	1,405,600	1,444,700	1,268,300	1,166,100	1,190,300
Payables turnover		3.96	3.47	3.98	3.97	5.08

June 30, 2024 calculation

Payables turnover = Cost of revenue ÷ Payables
= $5,571,300K ÷ $1,405,600K
= 3.96

The payables turnover ratio for Coty Inc has shown some fluctuations over the past five years. In 2024, the payables turnover ratio was 3.96, indicating that the company paid its accounts payable approximately 3.96 times during the year. This represents a slight increase compared to the previous year (3.47 in 2023).

In 2022, the payables turnover ratio was 3.98, which was relatively consistent with the ratio in 2024. However, in 2021, the ratio was slightly lower at 3.97. The most significant change occurred in 2020 when the payables turnover was higher at 5.08, suggesting that the company was paying its accounts payable more frequently compared to the other years.

Overall, the trend in the payables turnover ratio for Coty Inc indicates some variability but generally demonstrates that the company manages its accounts payable efficiently by paying them in a timely manner. Further analysis would be needed to understand the specific reasons behind the fluctuations observed in the payables turnover ratio over the years.