Flowers Foods Inc (FLO)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 4,785,780 | 4,386,050 | 3,927,650 | 3,951,050 | 3,790,690 |
| Payables | US$ in thousands | 318,600 | 343,380 | 268,500 | 225,918 | 233,011 |
| Payables turnover | 15.02 | 12.77 | 14.63 | 17.49 | 16.27 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $4,785,780K ÷ $318,600K
= 15.02
The payables turnover ratio for Flowers Foods Inc has fluctuated over the past five years. In 2023, the payables turnover ratio was 15.02, an increase from the previous year's ratio of 12.77. This suggests that the company is paying its suppliers approximately 15 times a year, indicating an efficient management of accounts payable. However, it is important to note that payables turnover ratios can vary by industry, so it is important to compare Flowers Foods Inc's ratio to industry peers for a more meaningful benchmark. Overall, the upward trend in the payables turnover ratio over the past five years could indicate improvements in the company's ability to manage and pay its suppliers in a timely manner.
Peer comparison
Dec 31, 2023