Masco Corporation (MAS)
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 | 6,613,000 | 6,773,000 | 7,030,000 | 7,250,000 | 7,434,000 | 7,528,000 | 7,494,000 | 7,292,000 | 7,049,000 | 6,746,000 | 6,486,000 | 6,169,000 | 5,920,000 | 5,113,000 | 5,185,000 | 5,643,000 | 5,984,000 | 6,963,000 | 7,133,000 | 7,189,000 |
| Payables | US$ in thousands | 840,000 | 844,000 | 958,000 | 913,000 | 877,000 | 1,048,000 | 1,128,000 | 1,114,000 | 1,045,000 | 1,037,000 | 1,021,000 | 925,000 | 893,000 | 933,000 | 845,000 | 743,000 | 697,000 | 879,000 | 1,023,000 | 954,000 |
| Payables turnover | 7.87 | 8.02 | 7.34 | 7.94 | 8.48 | 7.18 | 6.64 | 6.55 | 6.75 | 6.51 | 6.35 | 6.67 | 6.63 | 5.48 | 6.14 | 7.59 | 8.59 | 7.92 | 6.97 | 7.54 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $6,613,000K ÷ $840,000K
= 7.87
Masco Corp.'s payables turnover ratio, which measures how efficiently the company manages its payments to suppliers, has exhibited some fluctuations over the past eight quarters. The payables turnover ratio ranged from a low of 5.15 in Q1 2022 to a high of 6.80 in Q4 2022.
In Q4 2023, the payables turnover ratio stood at 6.11, indicating that the company paid its suppliers approximately 6.11 times during the quarter. This was a decrease from the previous quarter when the ratio was 6.26. However, the ratio in Q4 2023 remained higher than the levels seen in the first half of the year.
Overall, Masco Corp.'s payables turnover ratio has shown some variability but generally suggests that the company effectively manages its accounts payable by paying suppliers in a timely manner. A higher ratio typically indicates more efficient management of payables, while a lower ratio may suggest inefficiencies or potentially strained supplier relationships.
Peer comparison
Dec 31, 2023