Carlisle Companies Incorporated (CSL)
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 | 2,952,700 | 3,039,300 | 3,228,100 | 3,824,900 | 4,454,800 | 4,882,700 | 5,040,400 | 4,651,800 | 4,360,000 | 4,110,500 | 3,934,500 | 3,800,900 | 3,792,100 | 3,654,900 | 3,591,100 | 3,607,300 | 3,439,900 | 3,402,800 | 3,369,500 | 3,352,800 |
| Payables | US$ in thousands | 245,500 | 328,400 | 397,200 | 367,000 | 273,500 | 497,100 | 549,600 | 520,900 | 432,400 | 481,000 | 387,100 | 359,200 | 284,500 | 325,000 | 321,300 | 336,600 | 327,300 | 371,800 | 374,400 | 356,200 |
| Payables turnover | 12.03 | 9.25 | 8.13 | 10.42 | 16.29 | 9.82 | 9.17 | 8.93 | 10.08 | 8.55 | 10.16 | 10.58 | 13.33 | 11.25 | 11.18 | 10.72 | 10.51 | 9.15 | 9.00 | 9.41 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,952,700K ÷ $245,500K
= 12.03
The payables turnover ratio for Carlisle Companies Inc. has shown a fluctuating trend over the past eight quarters. Overall, the company's ability to manage its payables has improved compared to the same period the previous year.
In the most recent quarter, Q4 2023, the payables turnover ratio was 12.03, indicating that the company paid its suppliers approximately 12 times during the quarter. This represents an increase from the previous quarter, Q3 2023, where the ratio was 11.07.
Compared to the same period in the prior year, Q4 2022, the payables turnover ratio has also increased, reflecting better efficiency in managing supplier payments. The company's performance has been notably strong in terms of managing payables over the past two quarters.
However, it is important to note that there was a significant improvement in payables turnover from Q2 2022 to Q3 2022. This may indicate a temporary spike in efficiency in managing payables during that period.
Overall, the upward trend in payables turnover suggests that Carlisle Companies Inc. has been successful in managing its payables more effectively, which can have positive implications for the company's working capital management and liquidity position.
Peer comparison
Dec 31, 2023