Quaker Chemical Corporation (KWR)
Payables turnover
| 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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,669,876 | 1,671,934 | 1,693,272 | 1,726,106 | 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 |
| Payables | US$ in thousands | 198,137 | 191,788 | 185,351 | 191,161 | 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 |
| Payables turnover | 8.43 | 8.72 | 9.14 | 9.03 | 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 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,669,876K ÷ $198,137K
= 8.43
Quaker Chemical Corporation's payables turnover has shown fluctuations over the past few years. The payables turnover ratio measures how efficiently a company pays its suppliers. A higher payables turnover ratio generally indicates that the company is paying its suppliers more quickly.
Looking at the data provided, the payables turnover for Quaker Chemical Corporation ranged from a low of 6.45 in March 31, 2021, to a high of 10.95 in June 30, 2020. The trend shows some variability with peaks and troughs, but generally, the payables turnover ratio has been relatively stable.
In recent periods, the payables turnover ratio has been around 9 on average. This indicates that Quaker Chemical Corporation is paying its suppliers approximately 9 times a year on average. A higher payables turnover ratio suggests that the company is efficiently managing its accounts payable by paying suppliers promptly.
Overall, Quaker Chemical Corporation's payables turnover ratio has exhibited some variability but has generally remained within a reasonable range. Monitoring this ratio over time can provide insights into the company's liquidity management and relationship with its suppliers.
Peer comparison
Dec 31, 2024