Edgewell Personal Care Co (EPC)
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 | 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 | 1,174,400 | 1,182,100 | 1,183,000 |
| Payables | US$ in thousands | 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 | 222,800 | 221,900 | 223,200 |
| Payables turnover | 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 | 5.27 | 5.33 | 5.30 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,322,500K ÷ $197,500K
= 6.70
The payables turnover ratio for Edgewell Personal Care Co has shown some fluctuations over the past quarters. The ratio indicates the company's efficiency in paying off its suppliers or vendors. A higher payables turnover ratio generally suggests that the company is managing its payables effectively and paying off its debts in a timely manner.
Looking at the trend in the payables turnover ratio for Edgewell Personal Care Co, we can observe that it has been relatively steady around a range of 5.30 to 6.74 over the past eight quarters. The recent ratios for Q1 and Q4 of 2024 indicate a slight decrease compared to the previous quarters, which might suggest a slower rate of paying off suppliers.
Overall, Edgewell has maintained a moderately high payables turnover ratio, reflecting a good relationship with its suppliers and efficient management of its accounts payable. It is essential to monitor any significant deviations in this ratio to understand changes in the company's management of its payables and its overall financial health.
Peer comparison
Dec 31, 2023