Dupont De Nemours Inc (DD)
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 | 10,809,000 | 10,102,000 | 10,223,000 | 10,356,000 | 10,618,000 | 11,617,000 | 12,469,000 | 13,056,000 | 13,439,000 | 13,949,000 | 15,329,000 | 16,437,000 | 18,188,000 | 17,529,000 | 17,205,000 | 17,353,000 | 29,624,000 | 27,117,000 | 23,648,000 | 18,707,000 |
| Payables | US$ in thousands | 1,675,000 | 1,685,000 | 1,768,000 | 1,921,000 | 2,103,000 | 2,061,000 | 2,135,000 | 2,176,000 | 2,102,000 | 2,538,000 | 2,349,000 | 2,219,000 | 2,222,000 | 2,685,000 | 2,632,000 | 2,846,000 | 2,934,000 | 2,944,000 | 3,020,000 | 12,068,000 |
| Payables turnover | 6.45 | 6.00 | 5.78 | 5.39 | 5.05 | 5.64 | 5.84 | 6.00 | 6.39 | 5.50 | 6.53 | 7.41 | 8.19 | 6.53 | 6.54 | 6.10 | 10.10 | 9.21 | 7.83 | 1.55 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $10,809,000K ÷ $1,675,000K
= 6.45
DuPont de Nemours Inc's payables turnover ratio has shown fluctuations over the past eight quarters. The ratio ranged from 4.00 to 4.78, with the highest turnover occurring in Q1 2022 and the lowest in Q4 2022. Overall, the company has maintained a relatively stable payables turnover performance, with the latest reported ratio for Q4 2023 standing at 4.68. This indicates that, on average, the company is taking approximately 4.68 times to pay off its accounts payable in a given year. It is essential to monitor and analyze this ratio over time to assess the efficiency of DuPont's payables management and its relationships with suppliers.
Peer comparison
Dec 31, 2023