Helmerich and Payne Inc (HP)
Payables turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,944,930 | 1,634,190 | 1,217,360 | 1,947,560 | 2,235,080 |
| Payables | US$ in thousands | 130,852 | 126,966 | 71,996 | 36,468 | 45,383 |
| Payables turnover | 14.86 | 12.87 | 16.91 | 53.40 | 49.25 |
September 30, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,944,930K ÷ $130,852K
= 14.86
I'm sorry, but it seems there might be an error in the provided data for Helmerich & Payne, Inc.'s payables turnover. A payables turnover of 0.00 for multiple consecutive years is unusual and may indicate a data quality issue or calculation error. Typically, a payables turnover ratio measures how efficiently a company is managing its payables in relation to its purchases. It is calculated as the cost of goods sold divided by the average accounts payable for the period. Given the consistent 0.00 value, further investigation or verification of the financial data is recommended to accurately assess the company's payables turnover and its implications for their operational and financial management.
Peer comparison
Sep 30, 2023