LyondellBasell Industries NV (LYB)

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	35,849,000	36,265,000	38,176,000	41,575,000	43,847,000	45,425,000	44,446,000	40,855,000	37,397,000	33,175,000	28,951,000	25,169,000	24,359,000	24,691,000	26,075,000	28,723,000	29,301,000	29,985,000	31,215,000	31,963,000
Payables	US$ in thousands	—	—	3,024,000	3,029,000	3,106,000	3,508,000	4,103,000	4,238,000	3,460,000	3,494,000	2,909,000	2,703,000	2,398,000	2,013,000	1,790,000	2,217,000	2,516,000	2,687,000	2,584,000	2,610,000
Payables turnover		—	—	12.62	13.73	14.12	12.95	10.83	9.64	10.81	9.49	9.95	9.31	10.16	12.27	14.57	12.96	11.65	11.16	12.08	12.25

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $35,849,000K ÷ $—K
= —

The payables turnover of LyondellBasell Industries NV has shown some fluctuations over the past eight quarters. The ratio has ranged from a low of 8.15 in Q1 2022 to a high of 12.24 in Q4 2022. Overall, the trend has been relatively stable with a general increase from Q1 2022 to Q4 2023.

A high payables turnover ratio indicates that the company is paying off its suppliers quickly, which can suggest strong liquidity and efficient working capital management. Conversely, a low ratio may indicate that the company is taking longer to pay its suppliers, which could be a sign of financial distress or inefficiency in managing cash flow.

In the case of LyondellBasell Industries NV, the payables turnover ratio has generally been above 10 over the past few quarters, indicating that the company is efficiently managing its payables and settling its obligations to suppliers in a timely manner. This may be a positive signal for the company's financial health and operational efficiency. Further investigation and comparison with industry benchmarks could provide more insights into the effectiveness of their payables management strategy.