Cognizant Technology Solutions Corp Class A (CTSH)

Payables turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	16,844,000	16,664,000	16,460,000	15,681,000	14,538,000
Payables	US$ in thousands	340,000	337,000	360,000	361,000	389,000
Payables turnover		49.54	49.45	45.72	43.44	37.37

December 31, 2024 calculation

Payables turnover = Cost of revenue ÷ Payables
= $16,844,000K ÷ $340,000K
= 49.54

Based on the data provided, the payables turnover ratio for Cognizant Technology Solutions Corp Class A has been showing a consistent and positive trend over the years.

In December 31, 2020, the payables turnover ratio was 37.37 times, indicating that the company's payables turnover was approximately 37 times during that period.

By December 31, 2021, the ratio improved to 43.44 times, showing that the company was able to manage its payables more efficiently, turning them over approximately 43 times.

This positive trend continued into December 31, 2022, with a payables turnover ratio of 45.72 times, further improving to 49.45 times by December 31, 2023, and maintaining a similar level at 49.54 times by the end of December 31, 2024.

Overall, the increasing payables turnover ratio suggests that Cognizant Technology Solutions Corp Class A has been managing its payables effectively, indicating strong liquidity management and potentially favorable relationships with its suppliers.