Darling Ingredients Inc (DAR)
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 | 6,078,890 | 6,269,010 | 6,348,960 | 6,166,520 | 5,887,880 | 5,398,330 | 4,847,230 | 4,465,860 | 4,209,054 | 4,047,534 | 3,826,925 | 3,576,345 | 3,455,263 | 3,283,719 | 3,286,507 | 3,285,876 | 3,268,934 | 3,262,484 | 3,239,995 | 3,247,689 |
| Payables | US$ in thousands | 425,588 | 394,748 | 427,066 | — | 472,491 | — | — | — | 307,118 | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | 14.28 | 15.88 | 14.87 | — | 12.46 | — | — | — | 13.71 | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $6,078,890K ÷ $425,588K
= 14.28
The payables turnover ratio for Darling Ingredients Inc has shown fluctuation over the periods presented. As of December 31, 2023, the payables turnover was 14.28, indicating that the company paid its suppliers approximately 14.28 times during the year. This demonstrates a healthy rate of turnover and suggests that the company efficiently manages its payables.
The trend of payables turnover shows an increasing pattern from December 31, 2022, where it was 12.46, to September 30, 2023, at 15.88. This increase indicates an improvement in the efficiency of payables management during this period.
However, there are missing data points in the analysis, particularly for the first quarter of 2023. Without the complete set of data, it is challenging to provide a thorough analysis of the payables turnover trend for the company.
Overall, based on the available data, Darling Ingredients Inc appears to be effectively managing its payables, with a noticeable increase in the turnover ratio over the recent periods.
Peer comparison
Dec 31, 2023