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

Company name
Symbol
Payables turnover
Mativ Holdings Inc.
MATV
16.63
International Paper
IP
6.23
Sylvamo Corp
SLVM
5.60