Lindsay Corporation (LNN)

The payables turnover ratios for Lindsay Corporation over the past 5 years have shown some fluctuations. The payables turnover represents the number of times a company pays off its average accounts payable balance during a period. A higher payables turnover ratio generally indicates that the company is paying its suppliers more frequently, which can be seen as a positive indicator of efficient management of its payables.

In the most recent year, the payables turnover ratio increased to 10.41 from 9.52 in the previous year, indicating an improvement in the company's ability to manage its payables. This suggests that Lindsay Corporation was able to pay off its average accounts payable balance more frequently in 2023 compared to 2022.

However, it is important to note that the payables turnover ratio has shown some variability over the 5-year period, with a peak of 11.19 in 2019 and a low of 9.23 in 2021. This variability could be indicative of changes in the company's payment policies, its relationships with suppliers, or shifts in its operating cycle.

Overall, the trend in the payables turnover ratio for Lindsay Corporation suggests fluctuations in the company's management of its accounts payable, and further analysis of the underlying factors driving these fluctuations would be necessary to fully assess the company's payables management efficiency.

Peer comparison

Aug 31, 2023