Kenvue Inc. (KVUE)
Payables turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 8,617,000 | |||
| Payables | US$ in thousands | 2,489,000 | 2,281,000 | 2,354,000 | 1,781,000 |
| Payables turnover | 3.46 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $8,617,000K ÷ $2,489,000K
= 3.46
The payables turnover ratio for Kenvue Inc. as of December 31, 2023, is 3.46. This indicates that the company is able to effectively manage its accounts payable by paying off its suppliers approximately 3.46 times within the year. A higher payables turnover ratio suggests that the company is paying its suppliers more frequently, which can be beneficial in terms of maintaining good relationships with vendors and potentially negotiating better credit terms. This ratio can also indicate the efficiency of a company's working capital management, as a high payables turnover ratio could imply that the company is effectively utilizing its cash flow to settle obligations in a timely manner.
Peer comparison
Dec 31, 2023