Graphic Packaging Holding Company (GPK)
Payables turnover
| Dec 31, 2024 | Sep 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 7,699,000 | 7,906,000 | 8,114,000 | 8,236,000 | 8,401,000 | 8,499,000 | 8,484,000 | 8,447,000 | 8,239,000 | 7,755,000 | 7,286,000 | 6,771,000 | 6,242,300 | 6,018,800 | 5,722,700 | 5,459,900 | 5,317,100 | 5,189,800 | 5,105,900 | 5,067,500 |
| Payables | US$ in thousands | 1,116,000 | 937,000 | 940,000 | 1,094,000 | 944,000 | 996,000 | 1,009,000 | 1,123,000 | 999,000 | 1,008,000 | 1,028,000 | 1,125,000 | 890,000 | 837,000 | 781,000 | 825,000 | 738,500 | 681,800 | 625,700 | 716,100 |
| Payables turnover | 6.90 | 8.44 | 8.63 | 7.53 | 8.90 | 8.53 | 8.41 | 7.52 | 8.25 | 7.69 | 7.09 | 6.02 | 7.01 | 7.19 | 7.33 | 6.62 | 7.20 | 7.61 | 8.16 | 7.08 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $7,699,000K ÷ $1,116,000K
= 6.90
The payables turnover ratio for Graphic Packaging Holding Company has shown fluctuations over the years, ranging from a low of 6.02 on December 31, 2021, to a high of 8.90 on September 30, 2023. This ratio indicates how efficiently the company is managing its accounts payable by measuring the number of times payables are paid during a specific period.
A higher payables turnover ratio generally suggests that the company is paying its suppliers more frequently, which may indicate strong liquidity and good relationships with suppliers. On the other hand, a lower ratio could imply that the company is taking longer to pay its payables, potentially signaling financial strain or inefficiencies in managing working capital.
Overall, the trend in payables turnover for Graphic Packaging Holding Company has shown some volatility but has generally remained within a relatively stable range over the reporting periods provided. Further analysis of the company's payment practices and supplier relationships may help to better understand the factors influencing these fluctuations in the payables turnover ratio.
Peer comparison
Dec 31, 2024