Exponent Inc (EXPO)
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 | 353,242 | 349,129 | 337,970 | 312,309 | 294,974 | 285,662 | 284,407 | 295,026 | 299,816 | 298,853 | 295,819 | 291,965 | 269,800 | 270,665 | 269,372 | 265,596 | 279,523 | 258,188 | 254,394 | 197,120 |
| Payables | US$ in thousands | 4,489 | — | — | — | 8,642 | — | — | — | 3,193 | — | — | — | 3,279 | — | — | — | 4,644 | — | — | — |
| Payables turnover | 78.69 | — | — | — | 34.13 | — | — | — | 93.90 | — | — | — | 82.28 | — | — | — | 60.19 | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $353,242K ÷ $4,489K
= 78.69
The payables turnover ratio for Exponent Inc has been fluctuating over the periods provided. As of Dec 31, 2023, the payables turnover ratio stands at 78.69, indicating that the company is able to pay off its accounts payable approximately 78.69 times during the year. This is a significant increase from the previous reported figure of 34.13 as of Dec 31, 2022.
However, it is important to note that there is missing data for the payables turnover ratio for the quarters in between these two dates. Without these additional data points, it is challenging to identify the trend and the reason behind the sudden increase in the payables turnover ratio. It would be beneficial for stakeholders to further analyze the company's accounts payable management and financial performance to gain a comprehensive understanding of this metric's movement.
Peer comparison
Dec 31, 2023