Koppers Holdings Inc (KOP)
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 | 1,979,500 | 1,952,800 | 1,949,000 | 1,899,600 | 1,858,400 | 1,790,800 | 1,697,600 | 1,620,300 | 1,566,500 | 1,544,100 | 1,521,300 | 1,508,000 | 1,526,700 | 1,532,900 | 1,589,800 | 1,634,500 | 1,652,300 | 1,684,400 | 1,661,400 | 1,649,700 |
| Payables | US$ in thousands | 202,900 | 205,600 | 195,000 | 219,200 | 207,400 | 187,100 | 197,900 | 189,600 | 171,900 | 159,900 | 149,300 | 141,000 | 154,100 | 127,600 | 131,100 | 155,600 | 162,800 | 125,200 | 142,100 | 143,100 |
| Payables turnover | 9.76 | 9.50 | 9.99 | 8.67 | 8.96 | 9.57 | 8.58 | 8.55 | 9.11 | 9.66 | 10.19 | 10.70 | 9.91 | 12.01 | 12.13 | 10.50 | 10.15 | 13.45 | 11.69 | 11.53 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,979,500K ÷ $202,900K
= 9.76
The payables turnover ratio of Koppers Holdings Inc has experienced some fluctuations over the past eight quarters. The ratio indicates how efficiently the company is managing its accounts payable by measuring how many times during a period the company pays off its average accounts payable balance.
In Q4 2023, the payables turnover ratio was 8.52, which was slightly higher compared to Q3 2023 at 8.36. This increase suggests that the company was able to pay off its accounts payable more frequently during Q4 2023.
Looking further back, the payables turnover ratio in Q2 2023 was 8.82, showing an improvement from both Q3 2023 and Q4 2023. This indicates that the company was more efficient in managing its accounts payable during Q2 2023.
However, in Q1 2023, the payables turnover ratio dropped to 7.64, which was lower compared to the previous quarters. This suggests that the company took longer to pay off its accounts payable during that period.
Comparing the current ratios to the same quarters in the previous year, there seems to be some variability in the payables turnover ratio. For example, in Q4 2022, the ratio was 7.89, slightly lower than the most recent quarter.
Overall, while the company has shown some fluctuations in its payables turnover ratio, it is important to assess this ratio in conjunction with other financial metrics to get a comprehensive understanding of Koppers Holdings Inc's financial performance and efficiency in managing its accounts payable.
Peer comparison
Dec 31, 2023