CSG Systems International Inc (CSGS)

Payables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	864,716	834,947	759,175	744,906	716,889
Payables	US$ in thousands	46,406	47,720	35,397	29,834	32,704
Payables turnover		18.63	17.50	21.45	24.97	21.92

December 31, 2023 calculation

Payables turnover = Cost of revenue ÷ Payables
= $864,716K ÷ $46,406K
= 18.63

Payables turnover indicates how efficiently a company manages its accounts payable by measuring how many times a company pays off its suppliers each year. A higher payables turnover ratio suggests that the company is paying off its suppliers more frequently.

CSG Systems International Inc.'s payables turnover has fluctuated over the past five years. In 2023, the payables turnover ratio was 13.25, which increased from the previous year's ratio of 11.84 in 2022. This improvement may indicate that CSG Systems International Inc. is managing its accounts payable more effectively in 2023. However, the ratio is lower compared to 2020 and 2021, when it was 17.95 and 15.35, respectively. This suggests a potential decrease in the frequency of paying off suppliers.

Overall, CSG Systems International Inc.'s payables turnover has shown some variability in recent years. Further analysis of the company's payment terms, supplier relationships, and cash flow management may provide insights into the trends observed in the payables turnover ratio.