Curtiss-Wright Corporation (CW)
Payables turnover
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,608,617 | 2,554,807 | 2,497,010 | 2,441,143 | 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 |
| Payables | US$ in thousands | 247,185 | 222,542 | 224,778 | 233,818 | 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 |
| Payables turnover | 10.55 | 11.48 | 11.11 | 10.44 | 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 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,608,617K ÷ $247,185K
= 10.55
Curtiss-Wright Corporation's payables turnover has shown fluctuations over the analyzed period. The payables turnover ratio measures how efficiently a company is managing its accounts payable by comparing the amount owed to suppliers against the purchases made on credit. A higher ratio indicates that the company is paying off its suppliers more quickly.
From March 31, 2020, to December 31, 2024, Curtiss-Wright's payables turnover ranged from a low of 7.70 to a high of 12.56, with an average value of approximately 10.11. The trend indicates an initial increase in payables turnover, peaking in June 30, 2022, followed by a slight decline and then stabilization around the average level.
The increase in payables turnover up to June 30, 2022, suggests that Curtiss-Wright was managing its accounts payable more efficiently during that period. However, the subsequent decline and slight fluctuations may indicate changes in the company's payment policies or relationship with suppliers.
Overall, the payables turnover ratio for Curtiss-Wright Corporation reflects a relatively efficient management of its accounts payable, albeit with some variability over time. Further analysis would be needed to understand the specific factors driving these changes and to assess the impact on the company's financial performance and working capital management.
Peer comparison
Dec 31, 2024