Matson Inc (MATX)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 296,900 | 272,400 | 247,400 | 235,900 | 227,900 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $296,900K ÷ $—K
= —
The payables turnover ratio for Matson Inc has been decreasing over the past five years. The ratio was 7.97 in 2019, indicating that the company's payables turnover was high at that time. However, the ratio decreased to 6.73 in 2020 and then further decreased to 0.00 in the subsequent years, showing a significant decline in the efficiency of Matson Inc in managing its accounts payables. The consecutive decrease in payables turnover may suggest potential issues in managing vendor payments or a change in the company's payment policies. Further analysis and investigation are recommended to understand the reasons behind the declining trend in payables turnover for Matson Inc.
Peer comparison
Dec 31, 2023