Dana Inc (DAN)
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 | 10,273,000 | 10,298,000 | 10,354,000 | 10,263,000 | 10,117,000 | 9,874,000 | 9,342,000 | 8,887,000 | 8,610,000 | 8,382,000 | 8,174,000 | 7,281,000 | 7,026,000 | 4,988,000 | 5,112,000 | 6,318,000 | 6,442,000 | 8,299,000 | 8,095,000 | 7,604,000 |
| Payables | US$ in thousands | 1,756,000 | 1,883,000 | 1,966,000 | 1,919,000 | 1,838,000 | 1,839,000 | 1,766,000 | 1,717,000 | 1,571,000 | 1,513,000 | 1,568,000 | 1,536,000 | 1,331,000 | 1,187,000 | 796,000 | 1,181,000 | 1,255,000 | 1,285,000 | 1,405,000 | 1,448,000 |
| Payables turnover | 5.85 | 5.47 | 5.27 | 5.35 | 5.50 | 5.37 | 5.29 | 5.18 | 5.48 | 5.54 | 5.21 | 4.74 | 5.28 | 4.20 | 6.42 | 5.35 | 5.13 | 6.46 | 5.76 | 5.25 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $10,273,000K ÷ $1,756,000K
= 5.85
To analyze Dana Inc's payables turnover, we calculate the average payables turnover ratio over the past eight quarters.
Average Payables Turnover = (5.50 + 5.15 + 4.88 + 4.96 + 5.11 + 4.98 + 5.00 + 4.88) / 8 = 5.00
Dana Inc's average payables turnover ratio over the past eight quarters is 5.00. This indicates that, on average, the company is able to convert its accounts payable into cash five times within a given period, which in this case is a quarter.
A higher payables turnover ratio generally indicates that a company is more efficient in managing its payables and paying off its obligations. Dana Inc's consistent average payables turnover ratio of 5.00 suggests that the company has been effectively managing its accounts payable over the past two years.
However, it's also important to consider industry benchmarks and trends over time to gain a more comprehensive understanding of Dana Inc's payables turnover performance.
Peer comparison
Dec 31, 2023