Edgewell Personal Care Co (EPC)
Payables turnover
| Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,298,000 | 1,298,700 | 1,307,700 | 1,322,500 | 1,310,800 | 1,323,200 | 1,336,400 | 1,297,600 | 1,291,200 | 1,271,700 | 1,192,200 | 1,152,500 | 1,137,200 | 1,105,500 | 1,063,300 | 1,065,700 | 1,068,800 | 1,100,100 | 1,155,900 | 1,171,700 |
| Payables | US$ in thousands | 219,300 | 208,700 | 219,700 | 197,500 | 194,400 | 241,100 | 245,100 | 245,000 | 228,800 | 239,200 | 224,700 | 217,800 | 209,500 | 215,900 | 194,000 | 182,700 | 181,900 | 181,500 | 190,300 | 195,100 |
| Payables turnover | 5.92 | 6.22 | 5.95 | 6.70 | 6.74 | 5.49 | 5.45 | 5.30 | 5.64 | 5.32 | 5.31 | 5.29 | 5.43 | 5.12 | 5.48 | 5.83 | 5.88 | 6.06 | 6.07 | 6.01 |
September 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,298,000K ÷ $219,300K
= 5.92
The payables turnover for Edgewell Personal Care Co has exhibited some fluctuations over the past several quarters, ranging from a low of 5.12 in June 2021 to a high of 6.74 in December 2023. The payables turnover ratio is a measure of how efficiently a company is managing its accounts payable by comparing the amount of purchases made on credit to the average accounts payable during a period.
A higher payables turnover ratio indicates that the company is paying off its suppliers more quickly, which could be a positive sign of good financial health and effective cash management. On the other hand, a lower ratio may suggest that the company is taking longer to pay its suppliers, which could lead to strained relationships or potential cash flow issues.
In the case of Edgewell Personal Care Co, the payables turnover ratio has generally been hovering around the range of 5 to 6 times per year. This indicates that the company is able to effectively manage its accounts payable by turning over its payables multiple times within a year. Overall, the trend in payables turnover for Edgewell Personal Care Co shows a relatively stable performance in managing its accounts payable efficiently over the examined period.
Peer comparison
Sep 30, 2024