Lennox International Inc (LII)
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 | 3,569,400 | 3,479,700 | 3,407,800 | 3,398,500 | 3,434,200 | 3,442,800 | 3,415,700 | 3,431,300 | 3,433,700 | 3,336,300 | 3,190,300 | 3,076,900 | 3,005,700 | 2,933,200 | 2,900,200 | 2,710,000 | 2,594,100 | 2,592,600 | 2,595,500 | 2,696,900 |
| Payables | US$ in thousands | 490,000 | 477,500 | 450,800 | 437,800 | 374,700 | 345,800 | 470,100 | 445,000 | 427,300 | 430,500 | 485,600 | 457,300 | 402,100 | 401,600 | 404,900 | 372,900 | 340,300 | 361,000 | 295,000 | 355,000 |
| Payables turnover | 7.28 | 7.29 | 7.56 | 7.76 | 9.17 | 9.96 | 7.27 | 7.71 | 8.04 | 7.75 | 6.57 | 6.73 | 7.48 | 7.30 | 7.16 | 7.27 | 7.62 | 7.18 | 8.80 | 7.60 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $3,569,400K ÷ $490,000K
= 7.28
The payables turnover ratio for Lennox International Inc has fluctuated over the past few years. Initially, the ratio was at 7.60 as of March 31, 2020, and reached its peak at 9.96 as of September 30, 2023. This indicates that the company was able to pay off its payables almost 10 times during that period, suggesting efficient management of its accounts payable.
However, the ratio decreased to 7.28 by December 31, 2024, which may indicate a slightly longer period for the company to pay off its payables towards the end of the period. Overall, the trend suggests that Lennox International Inc has been effectively managing its payables, although there may have been some fluctuations in payment efficiency over the years. Further analysis and comparison with industry benchmarks would provide more insights into the company's payables management performance.
Peer comparison
Dec 31, 2024