Dynatrace Holdings LLC (DT)

Payables turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Cost of revenue (ttm)	US$ in thousands	1,014,479	970,636	930,998	895,725	863,183	824,867	793,518	753,827	707,907	659,960	611,613	562,914	517,369	491,528	474,626	594,013	616,638
Payables	US$ in thousands	21,410	13,230	15,842	6,065	21,953	14,687	4,587	4,795	22,715	22,256	16,013	3,431	9,621	12,146	8,185	3,767	11,112	10,832	10,532	4,702
Payables turnover		47.38	73.37	58.77	147.69	39.32	56.16	172.99	157.21	31.16	29.65	38.19	164.07	53.77	40.47	57.99	157.69	55.49

March 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,014,479K ÷ $21,410K
= 47.38

The payables turnover ratio measures how efficiently Dynatrace Holdings LLC is managing its accounts payable. A higher ratio indicates that the company is paying off its suppliers more quickly.

Analyzing the trend of Dynatrace Holdings LLC's payables turnover ratio over the past several quarters, we observe fluctuations in the ratio. The ratio has varied significantly from a low of 29.65 in Dec 31, 2021, to a high of 172.99 in Sep 30, 2022. This indicates that the company's ability to manage its payables has been volatile over the period.

The most recent value of the payables turnover ratio as of March 31, 2024, stands at 47.38. This implies that Dynatrace Holdings LLC is paying off its suppliers 47.38 times a year, which shows an improvement compared to the previous quarter but is relatively lower than the peak observed in Sep 30, 2022.

Overall, the payables turnover ratio of Dynatrace Holdings LLC has displayed fluctuations over the past few quarters, indicating some variability in the company's management of its accounts payable. Further analysis and comparison with industry benchmarks could provide additional insights into the efficiency of the company's payables management.