Dynatrace Holdings LLC (DT)

Payables turnover

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Cost of revenue	US$ in thousands	1,014,500	863,178	707,877	517,396	616,638
Payables	US$ in thousands	21,410	21,953	22,715	9,621	11,112
Payables turnover		47.38	39.32	31.16	53.78	55.49

March 31, 2024 calculation

Payables turnover = Cost of revenue ÷ Payables
= $1,014,500K ÷ $21,410K
= 47.38

The payables turnover ratio for Dynatrace Holdings LLC has shown fluctuations over the past five years. In the most recent fiscal year ending March 31, 2024, the company's payables turnover ratio stood at 47.38, indicating that the company converted its accounts payables into purchases 47.38 times during the year.

Comparing this to the previous year, there was an improvement in the payables turnover ratio from 39.32 in March 31, 2023, to 47.38 in March 31, 2024. This suggests that the company managed its payables more efficiently in the latest fiscal year.

Looking further back, the payables turnover ratio was 31.16 in March 31, 2022, which increased significantly to 53.78 in March 31, 2021, and further to 55.49 in March 31, 2020. These higher ratios indicate that the company was more effective in managing its payables turnover in those years, potentially negotiating better payment terms or streamlining its payables processes.

Overall, Dynatrace Holdings LLC has showcased varying levels of efficiency in managing its payables turnover over the past five years, with a notable improvement in the most recent fiscal year compared to the preceding year.