JBTMarel Corp (JBTM)
Payables turnover
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,740,600 | 1,399,100 | 1,089,500 | 1,082,400 | 1,051,000 | 1,072,400 | 1,076,000 | 1,227,200 | 1,231,700 | 1,216,500 | 1,290,600 | 1,214,700 | 1,286,300 | 1,346,600 | 1,301,500 | 1,251,200 | 1,208,300 | 1,164,000 | 1,194,100 | 1,265,600 |
| Payables | US$ in thousands | 288,900 | 282,200 | 131,000 | 144,700 | 135,600 | 142,400 | 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 |
| Payables turnover | 6.02 | 4.96 | 8.32 | 7.48 | 7.75 | 7.53 | 7.99 | 10.12 | 8.96 | 5.65 | 7.57 | 5.50 | 5.77 | 6.34 | 7.00 | 6.82 | 6.79 | 7.76 | 8.49 | 8.33 |
June 30, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,740,600K ÷ $288,900K
= 6.02
The payables turnover ratio for JBTMarel Corp has exhibited fluctuations over the observed period, reflecting variations in the company's payment practices to suppliers. At the beginning of the reporting interval, on September 30, 2020, the ratio stood at 8.33, indicating that the company was paying its accounts payable roughly 8.33 times annually. This ratio experienced a slight increase by December 31, 2020, reaching 8.49, suggesting a marginally faster payment cycle during that quarter.
However, a downward trend commenced thereafter, with the ratio decreasing to 7.76 by March 31, 2021, and further declining to 6.79 by June 30, 2021. This decline indicates a lengthening of the payable period, as the company was taking more time to settle its obligations. The ratio stabilized somewhat around 6.82 on September 30, 2021, and showed minor fluctuations, rising slightly to 7.00 at the end of 2021.
Throughout 2022, the ratio continued to decrease during the first quarter to 6.34 and further declined to 5.77 by June 30, 2022, reaching a low of 5.50 on September 30, 2022. This trend suggests an extended payment cycle, possibly indicating strategic payment deferment or changes in supplier credit terms. In late 2022, the ratio recovered somewhat to 7.57 by December 31, reflecting potential changes in payment policies or operational adjustments.
In 2023, the ratio again showed variability, decreasing to 5.65 in March, then rising significantly to 8.96 in June, and peaking at 10.12 in September. The elevated ratio around September 2023 implies a notably accelerated payment cycle or improved payment performance during that period. Subsequently, the ratio declined to 7.99 at year-end and further to 7.53 in the first quarter of 2024.
Moving into mid-2024, the ratio remained relatively stable, fluctuating between approximately 7.48 and 8.32, indicating consistent payment practices with slight variations. Notably, in March 2025, the ratio dipped to 4.96, then increased again to 6.02 by June 2025, suggesting a significant elongation of the payable period compared to previous periods.
Overall, the company's payables turnover ratio has demonstrated considerable variability, with periods of both accelerated and extended payment cycles. These fluctuations may be reflective of strategic liquidity management, changes in supplier relationships, or shifts in operating cash flow dynamics within JBTMarel Corp.
Peer comparison
Jun 30, 2025