CSG Systems International Inc (CSGS)

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	864,622	855,096	841,253	824,324	815,426	807,839	799,579	784,368	758,862	707,440	695,717	697,081	691,171	687,877	688,120	682,074	680,475	678,784	647,031	618,541
Payables	US$ in thousands	46,406	42,623	37,961	36,121	47,720	32,686	34,182	35,193	35,397	32,080	31,852	32,949	29,834	36,617	34,494	37,960	32,704	39,534	44,874	40,792
Payables turnover		18.63	20.06	22.16	22.82	17.09	24.72	23.39	22.29	21.44	22.05	21.84	21.16	23.17	18.79	19.95	17.97	20.81	17.17	14.42	15.16

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $864,622K ÷ $46,406K
= 18.63

The payables turnover ratio measures how efficiently a company is managing its accounts payable by evaluating how many times during a period the company is able to pay off its suppliers. A higher payables turnover ratio indicates that the company is paying its suppliers more frequently, which could be a positive sign of good supplier relationships and effective cash flow management.

Analyzing the payables turnover of CSG Systems International Inc. over the past eight quarters shows some fluctuations. The payables turnover ratio ranged from 11.84 to 17.04 during this period.

The trend indicates that the company's ability to manage its payables has been varying. In general, a decreasing trend in payables turnover may suggest that the company is taking longer to pay its suppliers, which could potentially strain relationships or indicate cash flow issues. On the other hand, an increasing trend in payables turnover could signify that the company is paying its suppliers more promptly and efficiently.

Overall, a deeper investigation into the reasons behind the fluctuations in the payables turnover ratio would be necessary to fully understand CSG Systems International Inc.'s payment practices and financial health.