Itron Inc (ITRI)
Payables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | 1,961,915 | 1,944,053 | 1,908,544 | 1,867,935 | 1,835,145 | 1,769,486 | 1,685,335 | 1,658,030 | 1,619,297 | 1,718,205 | 1,780,316 | 1,779,375 | 1,798,195 | 1,736,178 | 1,820,970 | 1,847,364 | 1,930,113 | 2,033,017 | 2,049,880 | 2,142,821 |
| Payables | US$ in thousands | 144,929 | 152,510 | 184,783 | 223,575 | 199,520 | 224,308 | 234,928 | 244,820 | 237,178 | 235,812 | 169,368 | 203,475 | 193,129 | 188,663 | 175,546 | 181,606 | 215,639 | 232,236 | 240,221 | 326,433 |
| Payables turnover | 13.54 | 12.75 | 10.33 | 8.35 | 9.20 | 7.89 | 7.17 | 6.77 | 6.83 | 7.29 | 10.51 | 8.74 | 9.31 | 9.20 | 10.37 | 10.17 | 8.95 | 8.75 | 8.53 | 6.56 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,961,915K ÷ $144,929K
= 13.54
The payables turnover ratio for Itron Inc has shown fluctuating trends over the past several quarters. The ratio increased from 6.56 as of March 31, 2020, to a peak of 13.54 as of December 31, 2024.
A higher payables turnover ratio indicates that the company is paying its suppliers more frequently, which can be seen as a positive sign indicating efficient management of accounts payable. Conversely, a lower ratio could imply that the company is taking longer to pay its suppliers.
The average payables turnover ratio for Itron Inc over the period analyzed was approximately 8.78. It is beneficial to compare the company's payables turnover ratio with industry benchmarks to assess its performance relative to its peers.
Overall, Itron Inc's payables turnover ratio has shown some volatility but has generally been increasing over the period, which suggests that the company may be managing its accounts payable more effectively as time progresses. Further analysis and comparison with industry standards can provide more insights into the efficiency of Itron Inc's payables management.
Peer comparison
Dec 31, 2024