Gartner Inc (IT)
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 | 4,760,460 | 4,659,480 | 4,580,360 | 4,455,670 | 4,375,280 | 3,258,030 | 3,100,709 | 2,900,361 | 2,711,157 | 3,578,042 | 3,561,626 | 3,544,765 | 3,559,392 | 3,686,357 | 3,712,763 | 3,799,311 | 3,825,571 | 3,713,039 | 3,709,879 | 3,730,107 |
| Payables | US$ in thousands | 63,139 | — | — | — | 83,225 | — | — | — | 49,277 | — | — | — | 38,588 | — | — | — | 32,995 | — | — | — |
| Payables turnover | 75.40 | — | — | — | 52.57 | — | — | — | 55.02 | — | — | — | 92.24 | — | — | — | 115.94 | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $4,760,460K ÷ $63,139K
= 75.40
Gartner, Inc.'s payables turnover ratio for Q4 2023 stands at 30.14, indicating that the company is able to efficiently manage its accounts payable. This ratio suggests that Gartner is paying off its suppliers relatively quickly compared to previous periods, potentially benefiting from favorable credit terms or effective working capital management. However, without data for the preceding quarters of 2023, it is difficult to ascertain the trend and whether this high turnover ratio is consistent across the year. Comparison with historical data from Q4 2022, where the payables turnover was 20.35, suggests an improvement in the management of payables within a year's time. Further analysis across quarters would provide a more comprehensive understanding of Gartner's payables turnover performance.
Peer comparison
Dec 31, 2023