Equifax Inc (EFX)
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 | 4,369,000 | 4,271,900 | 4,200,600 | 4,132,000 | 4,066,200 | 4,045,300 | 3,993,600 | 3,910,300 | 3,785,900 | 3,733,900 | 3,648,100 | 3,535,300 | 3,450,900 | 3,360,600 | 3,250,800 | 3,201,000 | 3,455,500 | 2,642,900 | 2,282,200 | 1,850,700 |
| Payables | US$ in thousands | 197,600 | 190,700 | 148,300 | 146,400 | 250,800 | 172,900 | 190,400 | 187,100 | 211,600 | 192,500 | 171,300 | 173,000 | 159,100 | 159,500 | 149,400 | 170,900 | 148,300 | 135,400 | 156,900 | 170,700 |
| Payables turnover | 22.11 | 22.40 | 28.33 | 28.22 | 16.21 | 23.40 | 20.97 | 20.90 | 17.89 | 19.40 | 21.30 | 20.44 | 21.69 | 21.07 | 21.76 | 18.73 | 23.30 | 19.52 | 14.55 | 10.84 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $4,369,000K ÷ $197,600K
= 22.11
The payables turnover ratio for Equifax, Inc. has shown fluctuations over the past eight quarters. In Q2 2023 and Q1 2023, the company achieved relatively higher payables turnover ratios of 15.17 and 15.06, respectively, indicating that Equifax was able to efficiently manage its accounts payable during those periods. This could suggest that the company was paying its suppliers more quickly compared to the previous quarters.
However, in Q4 2023, the payables turnover ratio decreased to 11.82, which was lower than the previous quarter. This might imply that Equifax took longer to pay its suppliers in Q4 2023 compared to Q2 and Q1 2023.
Looking at Q4 2022, the company had a relatively lower payables turnover ratio of 8.68, suggesting that it took longer to pay its creditors during that period.
Overall, the fluctuations in Equifax's payables turnover ratio indicate that the company's management of accounts payable has been variable. Further analysis and comparison with industry benchmarks could provide more insights into the company's efficiency in managing its payables.