CSW Industrials, Inc. (CSW)
Payables turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 484,989 | 442,095 | 439,690 | 370,473 | 234,405 |
| Payables | US$ in thousands | 54,767 | 48,387 | 40,651 | 47,836 | 32,444 |
| Payables turnover | 8.86 | 9.14 | 10.82 | 7.74 | 7.22 |
March 31, 2025 calculation
Payables turnover = Cost of revenue ÷ Payables
= $484,989K ÷ $54,767K
= 8.86
The payables turnover ratio for CSW Industrials, Inc. has demonstrated a significant upward trend over the period from March 31, 2021 to March 31, 2024. Specifically, the ratio increased from 7.22 in 2021 to 7.74 in 2022, indicating an improved frequency of paying suppliers within the period. This upward movement continued more markedly in 2023, reaching 10.82, which suggests that the company is paying its accounts payable more frequently or efficiently, potentially reflecting better management of cash flows and supplier relationships. However, a slight decrease is observed in 2024, with the ratio declining to 9.14, and it remains relatively stable in 2025 at 8.86. This slight reduction after the peak in 2023 may indicate a moderation in payment frequency or changes in the company's credit terms or liquidity management strategies. Overall, the trend suggests an initial strengthening of the company's payables management followed by a stabilization phase.
Peer comparison
Mar 31, 2025