Quaker Chemical Corporation (KWR)
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 | 1,762,651 | 1,924,905 | 1,927,481 | 1,934,656 | 1,914,205 | 1,794,768 | 1,760,182 | 1,696,961 | 1,637,341 | 1,578,201 | 1,495,799 | 1,380,953 | 1,385,668 | 1,424,733 | 1,426,993 | 1,316,918 | 1,105,135 | 932,730 | 781,146 | 793,380 |
| Payables | US$ in thousands | 184,813 | 190,067 | 193,790 | 216,633 | 193,983 | 209,343 | 246,345 | 253,906 | 226,656 | 219,601 | 219,617 | 214,015 | 191,821 | 165,582 | 130,334 | 177,976 | 164,101 | 173,722 | 93,886 | 91,145 |
| Payables turnover | 9.54 | 10.13 | 9.95 | 8.93 | 9.87 | 8.57 | 7.15 | 6.68 | 7.22 | 7.19 | 6.81 | 6.45 | 7.22 | 8.60 | 10.95 | 7.40 | 6.73 | 5.37 | 8.32 | 8.70 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,762,651K ÷ $184,813K
= 9.54
The payables turnover for Quaker Houghton has been relatively stable over the past eight quarters, ranging from 4.81 to 6.86. It indicates the number of times a company pays off its accounts payable balance within a given period. A higher payables turnover ratio suggests that the company is efficiently managing its accounts payable by paying them off quickly.
In the most recent quarter (Q4 2023), the payables turnover ratio was 6.75, showing a slight improvement compared to the previous quarter. This may indicate that Quaker Houghton is effectively managing its supplier payments, possibly by negotiating favorable payment terms or improving its working capital management.
Overall, Quaker Houghton's consistent and relatively high payables turnover ratios suggest that the company has a sound financial position and efficient cash flow management practices in place.
Peer comparison
Dec 31, 2023