Frontier Communications Parent Inc (FYBR)
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 | 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 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 4,190,000 | 7,518,000 | 6,498,000 | 5,463,000 | 4,426,000 | 608,000 | 602,000 | 1,273,000 | 2,766,000 | 2,721,000 | 3,203,000 | 3,168,000 | -2,115,000 | -1,775,000 | 3,751,000 | 3,718,000 | 8,139,000 | 8,660,000 | 3,626,000 | 4,021,000 |
| Payables | US$ in thousands | 857,000 | 885,000 | 1,161,000 | 1,368,000 | 1,200,000 | 995,000 | 818,000 | 694,000 | 535,000 | — | 507,000 | 540,000 | 564,000 | 534,000 | 357,000 | 437,000 | 453,000 | 452,000 | 473,000 | 495,000 |
| Payables turnover | 4.89 | 8.49 | 5.60 | 3.99 | 3.69 | 0.61 | 0.74 | 1.83 | 5.17 | — | 6.32 | 5.87 | -3.75 | -3.32 | 10.51 | 8.51 | 17.97 | 19.16 | 7.67 | 8.12 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $4,190,000K ÷ $857,000K
= 4.89
The payables turnover ratio for Frontier Communications Parent Inc has exhibited fluctuating trends over the past few years. It indicates the efficiency with which the company is managing its trade payables by paying off its suppliers. A higher turnover ratio generally reflects a faster rate of paying off payables.
In the most recent period, as of December 31, 2023, the payables turnover ratio was 4.89, which was lower compared to the previous quarter at 8.49. This suggests that the company took longer to pay off its suppliers in the last quarter of 2023.
Looking further back, there have been instances of both high and low payables turnover ratios. For instance, in March 2020, the ratio was negative, indicating a potential issue with the company's payables management or irregular reporting. On the other hand, in March 2019, the ratio was significantly higher at 17.97, reflecting a more efficient payables management approach.
Overall, it is essential for Frontier Communications Parent Inc to maintain a balance in their payables turnover ratio to ensure timely payments to suppliers while also effectively managing working capital. Monitoring this ratio consistently can provide insights into the company's liquidity and operational efficiency.
Peer comparison
Dec 31, 2023