DXC Technology Co (DXC)
Payables turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 13,218,000 | 15,616,000 | 15,122,000 | 19,384,000 | 25,602,000 |
| Payables | US$ in thousands | 846,000 | 782,000 | 840,000 | 914,000 | 1,598,000 |
| Payables turnover | 15.62 | 19.97 | 18.00 | 21.21 | 16.02 |
March 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $13,218,000K ÷ $846,000K
= 15.62
The payables turnover for DXC Technology Co has fluctuated over the past five years, indicating varying efficiency in managing its accounts payable. The company's ability to pay off its suppliers has decreased from 19.97 in 2023 to 15.62 in 2024. This suggests that DXC Technology Co took longer to settle its payables in 2024 compared to the previous year, possibly impacting vendor relationships and liquidity management. However, it's worth noting that the payables turnover remained relatively stable within a range of 15.62 to 21.21 over the five-year period, which may indicate consistent payment practices despite the slight decrease in 2024. Further analysis of the company's payables management and working capital efficiency would provide a more comprehensive understanding of its financial operations.
Peer comparison
Mar 31, 2024