Eagle Materials Inc (EXP)
Payables turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,587,370 | 1,573,980 | 1,508,800 | 1,341,910 | 1,214,290 |
| Payables | US$ in thousands | 129,895 | 127,183 | 110,408 | 113,679 | 84,171 |
| Payables turnover | 12.22 | 12.38 | 13.67 | 11.80 | 14.43 |
March 31, 2025 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,587,370K ÷ $129,895K
= 12.22
The payables turnover ratio for Eagle Materials Inc has shown a fluctuating trend over the past five years. In 2021, the company had a payables turnover of 14.43, indicating that it took approximately 14.43 times to pay off its accounts payable during that period. Subsequently, the ratio decreased slightly to 11.80 in 2022, suggesting a longer period to pay off the payables.
However, there was an improvement in 2023 with a payables turnover ratio of 13.67, indicating a more efficient management of payables compared to the previous year. In 2024 and 2025, the payables turnover ratio continued to be relatively stable at 12.38 and 12.22 respectively.
Overall, the fluctuation in the payables turnover ratio suggests variations in Eagle Materials Inc's management of its accounts payable over the years. This could be influenced by changes in the company's payment policies, supplier relationships, or the overall industry dynamics. Further analysis would be required to understand the underlying factors driving these changes and assess the effectiveness of the company's payables management strategy.