CSW Industrials Inc (CSWI)
Payables turnover
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 686,912 | 671,395 | 658,324 | 646,024 | 646,719 | 640,634 | 641,089 | 580,414 | 555,971 | 529,489 | 507,115 | 484,588 | 443,166 | 392,833 | 327,228 | 326,604 | 313,616 | 319,077 | 326,427 | 325,428 |
| Payables | US$ in thousands | 63,191 | 55,025 | 48,387 | 43,421 | 47,114 | 46,252 | 40,651 | 42,031 | 50,261 | 51,826 | 47,836 | 39,530 | 37,785 | 43,227 | 32,444 | 25,667 | 20,736 | 23,288 | 21,978 | 17,704 |
| Payables turnover | 10.87 | 12.20 | 13.61 | 14.88 | 13.73 | 13.85 | 15.77 | 13.81 | 11.06 | 10.22 | 10.60 | 12.26 | 11.73 | 9.09 | 10.09 | 12.72 | 15.12 | 13.70 | 14.85 | 18.38 |
September 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $686,912K ÷ $63,191K
= 10.87
The payables turnover ratio of CSW Industrials Inc has shown fluctuation over the past 20 quarters. The ratio was highest in Mar 31, 2020, at 18.38, indicating that the company was able to pay off its accounts payable nearly 18.38 times during that quarter.
On average, the payables turnover ratio has been relatively strong, with an average ratio of 12.91 over the 20 quarters. This suggests that CSW Industrials Inc manages its accounts payable effectively, with a higher turnover ratio typically indicating that the company is efficiently managing its suppliers by paying them off more frequently.
Overall, the trend in the payables turnover ratio for CSW Industrials Inc indicates a consistent and efficient management of accounts payable, with some quarters showing stronger performance than others. It is important to continue monitoring this ratio to ensure continued efficiency in managing payables.
Peer comparison
Sep 30, 2024