Light & Wonder Inc (LNW)
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 | 2,052,000 | 1,140,000 | 1,110,000 | 1,111,000 | 1,119,000 | 1,117,000 | 1,119,000 | 1,102,000 | 1,103,000 | 987,000 | 978,000 | 992,000 | 984,000 | 977,000 | 985,000 | 919,000 | 1,023,000 | 1,199,000 | 1,517,000 | 1,872,000 |
| Payables | US$ in thousands | 216,000 | 200,000 | 277,000 | 211,000 | 241,000 | 162,000 | 171,000 | 189,000 | 154,000 | 176,000 | 164,000 | 198,000 | 204,000 | 167,000 | 178,000 | 280,000 | 150,000 | 230,000 | 179,000 | 215,000 |
| Payables turnover | 9.50 | 5.70 | 4.01 | 5.27 | 4.64 | 6.90 | 6.54 | 5.83 | 7.16 | 5.61 | 5.96 | 5.01 | 4.82 | 5.85 | 5.53 | 3.28 | 6.82 | 5.21 | 8.47 | 8.71 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,052,000K ÷ $216,000K
= 9.50
Light & Wonder Inc's payables turnover ratio has shown fluctuations over the periods indicated. The payables turnover ratio measures how efficiently the company is managing its accounts payable by evaluating how many times during the period the company pays off its suppliers.
The payables turnover ratio for Light & Wonder Inc ranged between 3.28 and 9.50 over the 20 periods provided. A higher turnover ratio is generally preferred as it indicates that the company is paying its suppliers more frequently within the given period. This could imply favorable credit terms with suppliers or efficient cash management.
From the data, it can be observed that the payables turnover ratio peaked at 9.50 on December 31, 2024, suggesting that Light & Wonder Inc paid its suppliers almost 10 times during that period. On the other hand, the lowest turnover ratio was 3.28 on March 31, 2021, indicating a decrease in the frequency of paying suppliers.
The overall trend appears to show some variability, with fluctuations in the ratio suggesting potential changes in the company's payment policies or financial management practices. It would be important to further investigate the reasons behind these fluctuations to understand the company's relationship with its suppliers and its cash flow management.
Peer comparison
Dec 31, 2024