ExlService Holdings Inc (EXLS)
Payables turnover
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,654,089 | 1,529,122 | 1,477,195 | 1,425,701 | 1,391,913 | 1,355,829 | 1,316,328 | 1,275,844 | 1,219,882 | 1,155,605 | 1,092,252 | 1,031,785 | 966,412 | 717,781 | 676,506 | 649,879 | 648,522 | 647,228 | 669,097 | 682,503 |
| Payables | US$ in thousands | 5,884 | 4,082 | 2,996 | 3,093 | 5,055 | 3,159 | 3,019 | 3,384 | 7,789 | 3,487 | 4,377 | 4,796 | 5,647 | 2,881 | 3,877 | 8,304 | 6,992 | 6,213 | 9,048 | 8,048 |
| Payables turnover | 281.12 | 374.60 | 493.06 | 460.94 | 275.35 | 429.20 | 436.01 | 377.02 | 156.62 | 331.40 | 249.54 | 215.13 | 171.14 | 249.14 | 174.49 | 78.26 | 92.75 | 104.17 | 73.95 | 84.80 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,654,089K ÷ $5,884K
= 281.12
ExlService Holdings Inc's payables turnover has shown fluctuating trends over the period from March 31, 2020, to December 31, 2024. The payables turnover ratio indicates how efficiently the company is managing its accounts payable.
The payables turnover ratio increased from 84.80 on March 31, 2020, to a peak of 493.06 on June 30, 2024, demonstrating an improvement in the company's ability to pay off its creditors. However, there were fluctuations in the ratio during this period, indicating changes in the company's payment practices and relations with suppliers.
It is essential to assess the payables turnover ratio in conjunction with other financial ratios and factors to gain a comprehensive understanding of ExlService Holdings Inc's overall financial performance and liquidity management. A higher payables turnover ratio generally indicates that the company is efficiently managing its payables, but it is essential to analyze this ratio in the context of the company's industry norms and specific business circumstances.
Peer comparison
Dec 31, 2024