CSW Industrials Inc (CSWI)
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 shown a fluctuating trend over the past five years. In March 2021, the ratio stood at 7.22, indicating that the company paid off its accounts payable approximately 7.22 times during that year.
Subsequently, there was an increase in the payables turnover ratio, reaching 7.74 in March 2022. This implies a slight improvement in the efficiency of paying off the accounts payable.
The ratio experienced a significant surge in March 2023, jumping to 10.82. This sharp increase suggests that CSW Industrials Inc was able to manage and settle its accounts payable much more efficiently during that period.
However, in the following years, the payables turnover ratio decreased. In March 2024, the ratio dropped to 9.14, and further decreased to 8.86 by March 2025. These declines may indicate a potential delay in paying off accounts payable or a change in the company's payment practices.
Overall, while the payables turnover ratios have varied, it is important for CSW Industrials Inc to continually monitor and manage its accounts payable to ensure optimal efficiency in its payment cycles.
Peer comparison
Mar 31, 2025