GE Aerospace (GE)
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 | 21,974,000 | 23,045,000 | 23,904,000 | 24,406,000 | 26,758,000 | 25,629,000 | 38,717,000 | 52,325,000 | 63,260,000 | 64,692,000 | 67,315,000 | 70,730,000 | 74,100,000 | 81,826,000 | 84,640,000 | 91,652,000 | 97,514,000 | 79,281,000 | 84,252,000 | 61,541,000 |
| Payables | US$ in thousands | 10,678,000 | 10,693,000 | 10,538,000 | 10,049,000 | 12,479,000 | — | — | — | 10,970,000 | — | — | — | — | 13,941,000 | 13,469,000 | 15,212,000 | 15,926,000 | 14,493,000 | 17,036,000 | 17,059,000 |
| Payables turnover | 2.06 | 2.16 | 2.27 | 2.43 | 2.14 | — | — | — | 5.77 | — | — | — | — | 5.87 | 6.28 | 6.02 | 6.12 | 5.47 | 4.95 | 3.61 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $21,974,000K ÷ $10,678,000K
= 2.06
General Electric Co.'s payables turnover ratio has exhibited a general trend of improvement over the four quarters of 2023. The ratio increased from 4.72 in Q4 2023 to 5.35 in Q1 2023, indicating that the company's ability to efficiently manage its accounts payable and settle its short-term obligations has strengthened. This suggests that General Electric Co. is taking longer to pay off its suppliers, which can indicate an improvement in cash flow management or negotiation power with suppliers. However, without data for earlier quarters in 2022, it is challenging to provide a more comprehensive analysis of the company's payables turnover performance in comparison to a longer time period.
Peer comparison
Dec 31, 2023