HP Inc (HPQ)
Payables turnover
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 41,741,000 | 41,519,000 | 41,280,000 | 41,496,000 | 42,210,000 | 43,461,000 | 44,851,000 | 48,036,000 | 50,647,000 | 51,957,000 | 52,094,000 | 51,353,000 | 50,053,000 | 49,239,000 | 49,239,000 | 46,778,000 | 46,202,000 | 46,106,000 | 45,903,000 | 47,234,000 |
| Payables | US$ in thousands | 16,903,000 | 15,447,000 | 14,362,000 | 13,255,000 | 14,046,000 | 14,123,000 | 13,317,000 | 13,512,000 | 15,303,000 | 15,514,000 | 17,004,000 | 18,070,000 | 16,075,000 | 15,898,000 | 15,228,000 | 14,960,000 | 14,704,000 | 14,276,000 | 14,195,000 | 12,808,000 |
| Payables turnover | 2.47 | 2.69 | 2.87 | 3.13 | 3.01 | 3.08 | 3.37 | 3.56 | 3.31 | 3.35 | 3.06 | 2.84 | 3.11 | 3.10 | 3.23 | 3.13 | 3.14 | 3.23 | 3.23 | 3.69 |
October 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $41,741,000K ÷ $16,903,000K
= 2.47
The payables turnover ratio for HP Inc has exhibited fluctuations over the past few years. The ratio has generally remained above 3x, indicating that the company is efficient in managing its accounts payable.
The trend shows an increase in payables turnover from 2.47 in October 2024 to 3.13 in January 2024, signaling an improvement in the company's ability to pay off its suppliers.
Despite some fluctuations, the payables turnover ratio has been relatively stable, hovering around the 3x mark. This suggests that HP Inc has effectively managed its accounts payable obligations over the period under review.
Overall, the payables turnover ratio reflects HP Inc's ability to efficiently utilize its accounts payable to support its operations and manage cash flow effectively.
Peer comparison
Oct 31, 2024