IAC Inc. (IAC)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 4,112,669 | 4,481,870 | 4,768,170 | 5,092,580 | 5,512,030 | 5,665,830 | 5,516,920 | 5,016,022 | 4,312,753 | 3,693,298 | 2,745,960 | 2,058,871 | 1,440,809 | 814,731 | |||
| Payables | US$ in thousands | 83,842 | 105,514 | 143,708 | 127,667 | 114,863 | 133,105 | 158,110 | 154,333 | 184,084 | 203,173 | 117,892 | 116,230 | 93,377 | 92,173 | 96,062 | 99,143 | 90,983 |
| Payables turnover | 49.05 | 42.48 | 33.18 | 39.89 | 47.99 | 42.57 | 34.89 | 32.50 | 23.43 | 18.18 | 23.29 | 17.71 | 15.43 | 8.84 |
March 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $4,112,669K ÷ $83,842K
= 49.05
The payables turnover ratio for IAC Inc. has been increasing over the past few quarters, indicating that the company is taking less time to pay off its trade payables. This may suggest improved efficiency in managing its accounts payable and maintaining good relationships with suppliers.
From a comparative perspective, the payables turnover ratio for IAC Inc. has shown a general upward trend since the beginning of 2020, with occasional fluctuations. The current payables turnover ratio of 49.05 as of March 31, 2024, is significantly higher compared to the ratios from previous quarters.
A higher payables turnover ratio typically suggests that the company is managing its payables effectively by quickly paying off its obligations to suppliers. This could potentially lead to negotiating better payment terms with suppliers and possibly benefiting from early payment discounts.
Overall, the increasing trend in the payables turnover ratio for IAC Inc. reflects positively on the company's liquidity management and efficiency in handling its accounts payable.
Peer comparison
Mar 31, 2024