Huntington Ingalls Industries Inc (HII)
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 | 1,086,000 | 1,014,000 | 1,005,000 | 994,000 | 994,000 | 1,023,000 | 1,027,000 | 1,017,000 | 984,000 | 955,000 | 942,000 | 954,000 | 960,000 | 954,000 | 940,000 | 907,000 | 864,000 | 869,000 | 866,000 | 2,456,000 |
| Payables | US$ in thousands | 554,000 | 535,000 | 519,000 | 505,000 | 642,000 | 539,000 | 528,000 | 544,000 | 603,000 | 508,000 | 349,000 | 397,000 | 460,000 | 429,000 | 437,000 | 536,000 | 497,000 | 616,000 | 616,000 | 618,000 |
| Payables turnover | 1.96 | 1.90 | 1.94 | 1.97 | 1.55 | 1.90 | 1.95 | 1.87 | 1.63 | 1.88 | 2.70 | 2.40 | 2.09 | 2.22 | 2.15 | 1.69 | 1.74 | 1.41 | 1.41 | 3.97 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,086,000K ÷ $554,000K
= 1.96
The payables turnover ratio measures how efficiently a company is managing its suppliers and paying its bills. It indicates how many times a company pays off its accounts payable during a specific period. A higher payables turnover ratio typically suggests that the company is managing its payables more effectively.
Analyzing Huntington Ingalls Industries Inc's payables turnover over the eight quarters provided, we observe some fluctuations in the ratio. The trend shows an overall improvement from Q1 2022 to Q1 2023, with the ratio generally increasing over this period. This suggests that the company has been paying off its accounts payable at a faster pace compared to previous quarters.
Q4 2023 had a payables turnover ratio of 17.70, showing that the company paid off its accounts payable approximately 17.70 times during that quarter. This indicates a slightly lower performance compared to the previous quarter but still reflects a relatively efficient management of payables.
Overall, Huntington Ingalls Industries Inc's payables turnover trend indicates that the company has been effectively managing its accounts payable and has shown improvement in this aspect over the past quarters.
Peer comparison
Dec 31, 2023