Curtiss-Wright Corporation (CW)
Payables turnover
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,391,183 | 2,320,023 | 2,275,498 | 2,211,518 | 2,160,125 | 2,118,689 | 2,103,967 | 2,119,900 | 2,149,143 | 1,594,332 | 1,569,514 | 1,536,759 | 1,550,109 | 1,533,485 | 1,563,496 | 1,608,427 | 1,589,216 | 1,586,767 | 1,570,838 | 1,555,684 |
| Payables | US$ in thousands | 243,833 | 213,662 | 233,602 | 207,573 | 266,525 | 182,621 | 171,589 | 168,772 | 211,640 | 158,196 | 166,253 | 160,765 | 201,237 | 158,020 | 171,842 | 171,200 | 222,000 | 169,413 | 173,791 | 176,439 |
| Payables turnover | 9.81 | 10.86 | 9.74 | 10.65 | 8.10 | 11.60 | 12.26 | 12.56 | 10.15 | 10.08 | 9.44 | 9.56 | 7.70 | 9.70 | 9.10 | 9.40 | 7.16 | 9.37 | 9.04 | 8.82 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,391,183K ÷ $243,833K
= 9.81
Curtiss-Wright Corp.'s payables turnover ratio has fluctuated over the past eight quarters, ranging from a low of 6.01 in Q4 2022 to a high of 9.14 in Q1 2022. The payables turnover ratio measures how efficiently a company is managing its payments to suppliers. A higher payables turnover ratio indicates that the company is paying off its suppliers more quickly, while a lower ratio suggests slower payments.
In the most recent quarter, Q4 2023, the payables turnover ratio was 7.29, showing a slight decrease compared to the previous quarter. This decrease may indicate that Curtiss-Wright Corp. is taking slightly longer to pay its suppliers. However, it is important to note that the ratio is still relatively high compared to historical data, suggesting that the company continues to effectively manage its payables.
Overall, Curtiss-Wright Corp.'s payables turnover ratio has demonstrated some variability but generally remains within a healthy range, reflecting efficient management of supplier payments. The company should continue to monitor this ratio to ensure that its payment practices remain optimized for operating efficiency.
Peer comparison
Dec 31, 2023