Inter Parfums Inc (IPAR)

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	1,196,987	1,151,708	1,086,927	1,032,032	999,058	912,548	891,619	855,209	815,722	712,070	646,293	538,404	514,600	541,868	567,171	655,924	671,583	669,889	657,541	644,357
Payables	US$ in thousands	97,409	87,161	91,040	93,053	88,388	81,415	83,409	72,568	81,980	46,874	59,970	44,680	35,576	27,321	33,904	46,355	54,098	44,477	49,047	62,934
Payables turnover		12.29	13.21	11.94	11.09	11.30	11.21	10.69	11.78	9.95	15.19	10.78	12.05	14.46	19.83	16.73	14.15	12.41	15.06	13.41	10.24

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,196,987K ÷ $97,409K
= 12.29

Interpreting the payables turnover ratio for Inter Parfums, Inc. based on the provided data from Q1 2022 to Q4 2023 reveals fluctuations in the company's efficiency in managing its accounts payable. The payables turnover ratio indicates how many times a company pays off its suppliers during a specific period.

From Q1 2022 to Q4 2023, the payables turnover ratio ranged from 4.28 to 5.43, suggesting varying levels of efficiency in paying off suppliers. A higher ratio generally signifies that the company is more efficient in managing its payables by paying suppliers more frequently.

The highest payables turnover ratio of 5.43 was observed in Q3 2023, indicating that Inter Parfums, Inc. paid off its suppliers 5.43 times during that quarter. Conversely, the lowest ratio of 4.28 was noted in Q2 2022, indicating a lower frequency of payments to suppliers during that period.

Overall, the trend in the payables turnover ratio for Inter Parfums, Inc. indicates fluctuations in the company's efficiency in managing its payables over the analyzed quarters. Further analysis and comparison with industry benchmarks may provide deeper insights into the company's financial health and operational performance.