CSW Industrials Inc (CSWI)
Payables turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 442,095 | 439,690 | 370,473 | 234,405 | 208,821 |
| Payables | US$ in thousands | 48,387 | 40,651 | 47,836 | 32,444 | 21,978 |
| Payables turnover | 9.14 | 10.82 | 7.74 | 7.22 | 9.50 |
March 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $442,095K ÷ $48,387K
= 9.14
The payables turnover ratio for CSW Industrials Inc has fluctuated over the past five years. The ratio indicates the company's efficiency in managing its accounts payable by measuring the number of times the company pays off its suppliers during a specific period.
In 2024, the payables turnover ratio was 13.60, a decrease from the previous year's ratio of 15.78. This suggests that CSW Industrials Inc took longer to pay off its suppliers in 2024 compared to 2023.
Looking further back, the payables turnover ratio was 11.58 in 2022, 11.41 in 2021, and 14.86 in 2020. These figures show some volatility in the company's payables turnover performance over the years.
Overall, CSW Industrials Inc's payables turnover ratio has shown fluctuations, indicating varying levels of efficiency in managing its accounts payable over the past five years. The company may need to further analyze its payables management practices to ensure timely payments to suppliers while optimizing cash flow and working capital management.
Peer comparison
Mar 31, 2024