ManpowerGroup Inc (MAN)

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	18,857,500	18,787,200	18,821,200	18,966,800	19,334,400	19,804,600	20,150,300	20,359,000	20,173,100	19,878,100	19,413,700	18,167,900	17,972,900	18,043,900	18,553,200	20,001,500	20,351,700	20,550,200	20,713,100	20,847,700
Payables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Payables turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $18,857,500K ÷ $—K
= —

ManpowerGroup's payables turnover ratio has been fluctuating over the past eight quarters. The ratio indicates how efficiently the company is managing its accounts payable by measuring the number of times the company pays off its suppliers during a specific period.

In Q3 2022, the payables turnover ratio peaked at 6.49, indicating that ManpowerGroup was paying its suppliers more frequently compared to other quarters. This high turnover could suggest efficient management of payables or potential cash flow management strategies.

In contrast, Q1 2022 had the lowest turnover ratio at 5.52, indicating a slower rate of paying off suppliers. This could suggest potential liquidity issues or changes in the company's payment practices.

Overall, ManpowerGroup's payables turnover ratio has shown some volatility, but it has been consistently above 5, indicating that the company is managing its accounts payable efficiently and paying suppliers in a timely manner. It is essential for stakeholders to monitor this ratio to assess the company's ability to manage its working capital effectively.