Mativ Holdings Inc. (MATV)
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 | 2,316,600 | 2,875,900 | 2,655,600 | 2,416,700 | 2,143,700 | 1,505,700 | 1,176,700 | 1,139,600 | 994,900 | 994,900 | 874,300 | 729,700 | 701,800 | 699,300 | 677,700 | 682,300 | 682,200 | 680,800 | 651,900 | 617,700 |
| Payables | US$ in thousands | 139,300 | 149,300 | 214,400 | 253,500 | 180,600 | 238,700 | 123,300 | 122,800 | 116,000 | 116,700 | 113,400 | 66,600 | 60,500 | 66,900 | 53,100 | 67,700 | 66,400 | 64,100 | 60,900 | 72,100 |
| Payables turnover | 16.63 | 19.26 | 12.39 | 9.53 | 11.87 | 6.31 | 9.54 | 9.28 | 8.58 | 8.53 | 7.71 | 10.96 | 11.60 | 10.45 | 12.76 | 10.08 | 10.27 | 10.62 | 10.70 | 8.57 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,316,600K ÷ $139,300K
= 16.63
Mativ Holdings Inc's payables turnover has shown fluctuations over the past eight quarters. The quarterly payables turnover ratio ranged from a low of 6.31 in Q3 2022 to a high of 13.79 in Q3 2023. The average payables turnover ratio for the period was 9.87, indicating that, on average, Mativ Holdings is paying its suppliers approximately 9.87 times per year.
A higher payables turnover ratio suggests that the company is taking longer to pay its creditors, which can potentially strain supplier relationships. Conversely, a lower ratio may indicate that the company is paying its suppliers more quickly, potentially taking advantage of early payment discounts or maintaining strong supplier relationships.
Overall, the trend in Mativ Holdings Inc's payables turnover indicates variability in the company's payment practices over the period analyzed. Further analysis of the company's financial statements and industry benchmarks may provide additional insights into the effectiveness of its payables management.
Peer comparison
Dec 31, 2023