GE HealthCare Technologies Inc. (GEHC)
Payables turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 4,317,000 | 6,117,000 | |||
| Payables | US$ in thousands | 2,947,000 | 2,774,000 | 2,835,000 | 2,977,000 | 2,944,000 |
| Payables turnover | 1.46 | 2.21 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $4,317,000K ÷ $2,947,000K
= 1.46
The payables turnover ratio for GE HealthCare Technologies Inc. has shown a decreasing trend over the recent quarters, from 2.21 in September 2023 to 1.46 in December 2023. This indicates that the company is taking longer to pay its suppliers compared to previous periods. A lower payables turnover ratio may suggest potential liquidity issues or changes in the company's payment policies. It is important for the company to closely monitor their payables turnover ratio to ensure efficient management of their accounts payable and maintain healthy supplier relationships.
Peer comparison
Dec 31, 2023
Company name
Symbol
Payables turnover
GE HealthCare Technologies Inc.
GEHC
1.46
Hologic Inc
HOLX
8.84