Masco Corporation (MAS)
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 | 6,497,000 | 6,557,000 | 6,527,000 | 6,557,000 | 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 |
| Payables | US$ in thousands | 789,000 | 874,000 | 924,000 | 899,000 | 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 |
| Payables turnover | 8.23 | 7.50 | 7.06 | 7.29 | 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 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $6,497,000K ÷ $789,000K
= 8.23
The payables turnover ratio measures the efficiency of Masco Corporation in managing its accounts payable. A higher turnover ratio indicates that the company is paying off its suppliers more quickly.
From March 31, 2020, to December 31, 2024, Masco Corporation's payables turnover ratio fluctuated within a range of 5.48 to 8.48. In the initial period, there was a decline in the ratio from 7.59 on March 31, 2020, to 5.48 on September 30, 2020. However, it then showed an increasing trend, reaching 8.48 on December 31, 2022, before slightly decreasing to 7.87 on December 31, 2023, and stabilizing around 7.5 levels by the end of 2024.
The fluctuations in the payables turnover ratio suggest changes in the company's payment practices and relationships with suppliers. Overall, Masco Corporation has effectively managed its payables, maintaining a relatively stable turnover ratio over the analyzed period. Further analysis of the company's financial statements and industry benchmarks could provide more insights into its accounts payable management.
Peer comparison
Dec 31, 2024