Embecta Corp (EMBC)
Payables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | ||
|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 764,000 | 723,900 | 709,000 |
| Payables | US$ in thousands | 133,500 | 126,600 | 107,900 |
| Payables turnover | 5.72 | 5.72 | 6.57 |
September 30, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $764,000K ÷ $133,500K
= 5.72
The payables turnover ratio for Embecta Corp has remained relatively consistent over the past three years, with values of 5.72 in both September 30, 2024, and September 30, 2023, and 6.57 in September 30, 2022. This indicates that the company is able to efficiently manage its accounts payable, with a higher turnover ratio generally suggesting that the company is paying its suppliers more quickly. However, it is important to note that payables turnover ratios should be analyzed in conjunction with other financial metrics to get a more comprehensive understanding of the company's liquidity and operational efficiency.
Peer comparison
Sep 30, 2024