John Bean Technologies Corporation (JBT)
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 | 613,600 | 497,000 | 502,800 | 508,800 | 499,100 | 476,800 | 464,900 | 458,400 | 444,900 | 424,400 | 421,300 | 401,300 | 405,200 | 658,400 | 901,300 | 1,157,000 | 1,347,600 | 1,348,700 | 1,353,700 | 1,366,400 |
| Payables | US$ in thousands | 134,600 | 121,300 | 137,400 | 215,300 | 170,600 | 221,000 | 222,900 | 212,500 | 186,000 | 183,400 | 177,900 | 150,000 | 140,700 | 152,000 | 150,400 | 159,200 | 198,600 | 186,800 | 189,100 | 154,800 |
| Payables turnover | 4.56 | 4.10 | 3.66 | 2.36 | 2.93 | 2.16 | 2.09 | 2.16 | 2.39 | 2.31 | 2.37 | 2.68 | 2.88 | 4.33 | 5.99 | 7.27 | 6.79 | 7.22 | 7.16 | 8.83 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $613,600K ÷ $134,600K
= 4.56
Payables turnover measures how efficiently a company is managing its accounts payable by evaluating how many times the company pays off its suppliers within a particular period. A higher payables turnover ratio indicates that the company is paying off its suppliers more frequently.
Analyzing John Bean Technologies Corp's payables turnover over the past eight quarters, we observe fluctuations in the ratio. In Q4 2023, the payables turnover was 8.01, which decreased from Q3 2023's 11.08. Despite the decrease, the Q4 2023 ratio remains relatively higher compared to the ratios in the earlier quarters of 2022.
The company's payables turnover peaked in Q3 2023 at 11.08, indicating that the company was more efficient in managing its accounts payable during that period. The previous quarter, Q2 2023, also exhibited a strong performance with a payables turnover of 10.78.
The variability in the payables turnover ratio suggests potential changes in the company's payment policies, supplier relationships, or operational efficiency. Monitoring this ratio over time can provide insights into John Bean Technologies Corp's ability to effectively manage its accounts payable and maintain good relationships with its suppliers.
Peer comparison
Dec 31, 2023