Eagle Materials Inc (EXP)
Payables turnover
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,587,371 | 1,578,835 | 1,576,828 | 1,570,271 | 1,573,976 | 1,551,685 | 1,526,197 | 1,523,808 | 1,508,803 | 1,488,008 | 1,459,646 | 1,403,170 | 1,341,908 | 1,301,439 | 1,268,372 | 1,238,854 | 1,216,636 | 1,194,693 | 1,166,140 | 1,151,325 |
| Payables | US$ in thousands | 129,895 | 118,718 | 131,411 | 148,231 | 127,183 | 117,270 | 113,737 | 118,026 | 110,408 | 106,571 | 113,722 | 108,578 | 113,679 | 99,465 | 101,293 | 96,923 | 84,171 | 71,596 | 80,130 | 81,985 |
| Payables turnover | 12.22 | 13.30 | 12.00 | 10.59 | 12.38 | 13.23 | 13.42 | 12.91 | 13.67 | 13.96 | 12.84 | 12.92 | 11.80 | 13.08 | 12.52 | 12.78 | 14.45 | 16.69 | 14.55 | 14.04 |
March 31, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,587,371K ÷ $129,895K
= 12.22
The payables turnover ratio of Eagle Materials Inc, which measures how efficiently the company manages its payables, has shown some fluctuations over the period from June 30, 2020, to March 31, 2025. The ratio ranged from a low of 10.59 on June 30, 2024, to a high of 16.69 on December 31, 2020.
A higher payables turnover ratio indicates that the company is paying off its suppliers more frequently, which may suggest good liquidity management. Conversely, a lower ratio could indicate that the company is taking longer to pay its obligations, which may strain relationships with suppliers.
Overall, the payables turnover ratio of Eagle Materials Inc has shown variability but generally remained within a reasonable range, reflecting fluctuations in the company's payment patterns to its suppliers over the years. Further analysis would be needed to determine the factors driving these fluctuations and their potential impact on the company's financial health and supplier relationships.